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
The IPO Bump is Real: Bidding Wars Return to San Francisco, Where 35% of Redfin Offers Faced Competition in May
The housing market in San Francisco is quickly heating back up—35 percent of offers in May faced a bidding war
Bidding Wars Slowly Heating Back Up in San Francisco—Nearly 1 in 4 Home-Purchase Offers Faced Competition in April
Nationwide just 15 percent of offers faced competition in April. Just 15 percent of offers written by Redfin agents on behalf of their home-buying customers
Only 16 Percent of Redfin Buyers Faced a Bidding War So Far in March, Down from 61 Percent a Year Earlier
San Francisco, Boston, San Diego and Portland are the most competitive housing markets this month, but still only one in five homebuyers faced bidding wars—far
Only 1 in 8 Redfin Offers Faced Competition in January, Down From More than Half a Year Earlier
Just 13 percent of offers written by Redfin agents on behalf of their home-buying customers last month faced a bidding war, little changed from December’s
Bidding Wars in Seattle Nearly Vanish with Only 1 in 10 Offers Now Facing Competition
Buyers in every part of the city get a major reprieve, but one in three South Seattle offers still face competition As the share of
Bidding Wars Plummet to an Eight-Year Low, but Buyers Still Face Competition Most of the Time in These Zip Codes
Despite a cooling market, bidding wars remain the norm in hot California, Boston and D.C. zip codes Thirty-two percent of offers written by Redfin agents
