Housing Market News
Bidding Wars
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
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
