Redfin: Number of sight-unseen home offers retreat
Redfin | December 10, 2018
As inventory increases and home price growth slows down, homebuyer competition has begun to ease, according to the latest data from Redfin. According to the company, 20% of recent homebuyers said they made an offer sight-unseen. This means that one in five homebuyers made an offer on a home without even stepping foot on the property. This data was gathered from a survey Redfin conducted back in May, consisting of 1,463 homebuyers across 14 major markets, who had purchased a home within the last year.