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
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.
