Housing Market News
Bidding Wars
Homebuyer Competition Ticked Up in February, Hitting Record High
Bidding wars are intensifying at a slower pace than they were at the start of the pandemic. Nationwide, 68.6% of home offers written by Redfin
All-Cash Homebuyers Are Four Times More Likely to Win a Bidding War
Cash is king when competing for a home, but a buyer’s odds of winning a bidding war also increase significantly by waiving the financing contingency
January Was the Most Competitive Month on Record for Homebuyers
70% of home offers written by Redfin agents faced competition in January, up from roughly 60% a year earlier and the highest share in Redfin’s
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars.
Homebuyer Competition Drops to Lowest Level in Nearly a Year in November
59.5% of Redfin home offers faced bidding wars in November, the first time the competition rate was below 60% since December 2020. In November, 59.5%
Homebuyer Competition Levels Off in October, With 60% of Redfin Offers Facing Bidding Wars
Housing-market competition is no longer slowing as homebuyer demand shows signs of heating back up. In October, 60.3% of home offers written by Redfin agents
Homebuyer Bidding War Rate Drops to 2021 Low in September
59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates.
59% of Home Offers Written by Redfin Agents Faced Bidding Wars in August—the Lowest Level Since 2020
Competition is easing as homebuyers grow tired of sky-high asking prices and the housing market enters its typical seasonal slowdown. In August, 58.8% of home
Homebuyer Bidding-War Rate Drops to Lowest Level Since January
60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a
Homebuyer Competition Eases in June as More Homes Hit the Market
The bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. That’s partly because
Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars
70% of home offers faced bidding wars in May, down from 74% in April. Still, competition remains far more intense than it was a year
Almost Three-Quarters of Home Offers Written By Redfin Agents Faced Bidding Wars In April
That’s up from 45% a year earlier and marks the 12th-straight month in which more than half of home offers encountered competition. Nearly three-quarters (72%)
