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Web-based Analysts Say Home Bidding Eases While Prices Climb

SEATTLE and SAN FRANCISCO-Redfin and Zillow offer reports on August home sales patterns.

By David Phillips | Updated on September 30, 2013

SEATTLE and SAN FRANCISCO-Redfin says competition for homes dropped a bit in August compared to July, and compared to August 2012. Meanwhile National home value appreciation continued to climb in August, according to Zillow.

Redfin, the technology-powered real estate brokerage, recently released its August 2013 Real-Time Bidding War Report based on Offer Insights, statistics compiled from thousands of offers written each month by Redfin agents for their home-buying clients. In August, 60.5% of offers Redfin agents wrote faced bidding wars, down from 63.3% in July and from 63.5% in August 2012.

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