NYC Suburbs and the Bay Area Are This Spring’s Most Competitive Housing Markets
Redfin, a subsidiary of Rocket Companies, released a report identifying NYC suburbs and the Bay Area as the most competitive housing markets this spring, with Newark and San Francisco seeing over 57% of homes sell above asking price. Nationally, however, competition has cooled significantly, with only 25.8% of homes selling above asking—the lowest May share since 2020—while 55% sold below asking.
Key figures
- Share homes above asking sf
- 57.3%
- Share homes above asking nassau
- 51.6%
- Share homes above asking newark
- 57.6%
- Share homes above asking oakland
- 46.0%
- Share homes above asking sanjose
- 53.2%
- Share homes above asking national
- 25.8%
- Share homes below asking national
- 55%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.