Redfin: West Coast homebuyers are winning the bidding wars

As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country. According to the company, 56% of Americans who purchased a home in the first quarter of 2019 closed on the very first home they made an offer on. Not only is this up from 52% in 2018, but it also marks the highest first-offer success rate in the last three years.

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