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%)
54% of Redfin Home Offers Faced Bidding Wars in November
Competition dipped slightly ahead of the holidays, but remained above 50% for the seventh-straight month amid record-low mortgage rates and relocations. Nationwide, 53.6% of home
More Than Half of Redfin Offers Faced Bidding Wars For the Sixth-Straight Month In October
Competition in the housing market has cooled slightly since the summer, but remains intense as record-low mortgage rates and remote work allow scores of Americans
56% of Redfin Offers Faced Bidding Wars in September, Down From 59% in August
Competition in the housing market remains fierce, but has cooled slightly amid a seasonal slowdown and surging home prices. Nationwide, 56.3% of Redfin offers on
More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition
54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale.
20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year
1 in 5 successful offers waived the inspection contingency in June as bidding wars intensified amid a deepening housing shortage and record-low interest rates
