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%)
Which Bidding War Strategies Are Most Effective?
Cash is king, but a personal letter to the seller increases a competitive offer’s chance of being accepted by 52%.
Bidding Wars Intensify as Some Homebuyers Make Simultaneous Offers on Multiple Homes
Consider a fixer-upper to avoid competition and high prices, Redfin agents advise.
Homebuyers Faced Fewer Bidding Wars In March Thanks to Surge in New Listings
Bidding wars gained steam as the spring home-buying season got under way, with 61 percent of offers written by Redfin agents facing competition from other buyers in March. That’s up from 57 percent in February, but down slightly from 63 percent in March 2014.
Bidding Wars Hit Oakland Amid Tight Supply
At the end of January, Oakland had only six weeks of inventory remaining. That’s leading to bidding wars.
Bidding Wars Heat Up, but Remain Less Extreme than in 2013
In March, 63.4 percent of offers written by Redfin agents across 19 markets faced competition from other buyers, up from 58.7 percent in February.
Redfin Bidding War Report Shows Home-Buying Competition Eased in May
Seven of every 10 offers written by Redfin agents in May faced competition.
