Homebuying Demand Just Keeps Getting Stronger

6/16/2020

Competition Increases for Homebuyers as Coronavirus Drives Housing Shortage - Redfin

Metro area

Share of Redn offers that faced competition in May

Share of Redn offers that faced competition in April* Sear h …

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Boston, MA

64.1%

56.0%

Dallas, TX

60.8%

43.2%

Washington, D.C.

57.0%

47.5%

Salt Lake City, UT

55.7%

57.5%

Denver, CO

55.4%

40.4%

Seattle, WA

55.2%

51.2%

Austin, TX

54.8%

44.7%

San Francisco / San Jose, CA 53.4%

52.4%

Minneapolis, MN

52.2%

41.2%

Los Angeles, CA

51.2%

47.1%

Portland, OR

51.0%

50.6%

Detroit, MI

50.0%

23.5%

San Diego, CA

49.1%

53.4%

New York, NY

45.7%

41.0%

Sacramento, CA

45.5%

53.4%

Atlanta, GA

44.2%

37.0%

Philadelphia, PA

42.7%

40.9%

Phoenix, AZ

41.9%

37.6%

Houston, TX

40.3%

37.5%

Raleigh, NC

37.7%

29.0%

See Latest Coronavirus Housing Market News

https://www.redfin.com/blog/competition-increases-homebuyers-coronavirus-drives-housing-shortage/

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