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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Chicago, IL

34.6%

30.4%

Las Vegas, NV

33.8%

55.0%

Tampa, FL

31.5%

17.9%

Miami, FL

28.6%

26.1%

National

49.4%

43.9%

*NOTE: Due to data availability, April represents the share of Redn offers that faced competition between April 9, 2020 and April 30, 2020.

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Lily Katz As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender inequality and housing affordability. Prior to working at Redn, Lily spent four years as a reporter at Bloomberg News in New York City.

 Email Lily

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

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