Housing Market News
Bidding Wars
More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
Bidding Wars Climb in May as Coronavirus Intensifies Housing Shortage
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic
The coronavirus pandemic has contributed to a severe shortfall in housing supply, which has led to a significant bidding-war rate.
Housing Shortage Leads to Intense Competition Among Homebuyers
A majority of offers submitted by Redfin agents faced competition in January according to a survey of more than 500 Redfin agents across the nation.
Bidding War Rate Fell to Another 10-Year Low in December
Just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in December, down from 12% a year earlier.
Bidding Wars Remain at 10-Year Low in November
Nationally, just 10% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in November.
Almost Two-Thirds of Home Offers Written By Redfin Agents Faced Bidding Wars In March
Competition is escalating as Americans rush to lock down homes before back-to-school season this fall. Single-family homes are the most likely to attract bidding wars,
Redfin Bidding-War Rate Surpasses 60% In February as Housing Shortage Fuels Fierce Competition
Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of
All-Cash Offers Quadruple a Homebuyer’s Chances of Winning a Bidding War
All-cash offers are most likely to improve a buyers’ odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data.
How to Win a Bidding War In 2021, According to Redfin Agents
Competition in the housing market is fierce. Here are nine unique strategies to help homebuyers win that don’t require paying all cash or waiving contingencies.
56% of Redfin Home Offers Faced Competition in January, the 9th-Straight Month of a 50%-Plus Bidding-War Rate
Pricey homes are most likely to see bidding wars, with more than 65% of homes priced between $800,000 and $1 million facing competition in January,
Half of Redfin Home Offers Faced Bidding Wars In December as Housing Market Defied Holiday Slump
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates
