Housing Market News
Bidding Wars
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%)
Bidding-War Rate Drops to Lowest Level Since April 2020 As Mortgage Rates Surge
Just over 4 in 10 Redfin home offers faced competition in August, down significantly from a year earlier as 6% mortgage rates price buyers out
Homebuyer Competition Falls to Lowest Level Since Early Months of Pandemic
Higher mortgage rates and home prices are pushing some house hunters out of the market, leaving those who remain with more options and negotiating power.
Homebuyer Competition Drops to Lowest Level in Over Two Years
The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took
Housing-Market Competition Dropped to a 15-Month Low in May
Surging mortgage rates and home prices are causing more buyers to back off. That means sellers are less likely to receive multiple offers—but they’ll also
Homebuyer Competition Falls for Second-Straight Month, Hitting Lowest Level in Over a Year
61% of home offers faced bidding wars in April—down from 63% a month earlier and 67% a year earlier—as surging mortgage rates prompted buyers to
Homebuyer Competition Drops for First Time in Six Months Amid Surge in Mortgage Rates, Home Prices
65% of home offers faced competition in March, down from 67% in February, as more buyers moved to the sidelines. Sixty-five percent of home offers
