Housing Market News
Bidding Wars
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
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
