Day: July 11, 2020

More Than Half of Redfin Offers on Homes Faced Bidding Wars in June

54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.

More than half of Redfin offers for homes faced competition in June for the second month in a row. Nationwide, 53.7% of Redfin offers faced bidding wars last month, up from a revised rate of 51.8% in May and 44.4% in April*.

An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid.


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Melbourne auctions: online sales secure top results amid lockdown

1 Crawley Court, Craigieburn sold via online auction.

Determined vendors who quickly converted scheduled auctions to online platforms were rewarded with strong sales yesterday.

Former Country Fire Authority firefighter, author and mental health advocate John Payne and his wife Kerryn were among those who saw big returns for pushing ahead.

The couple successfully sold 1 Crawley Court in Craigieburn for $537,000, which was $37,000 above their reserve.

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Craigieburn vendors John and Kerryn Payne after

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