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
All-Cash Offers Triple Homebuyer Odds of Winning a Bidding War
Which strategies will increase your odds of winning a bidding war? We analyzed 9,000 offers written by Redfin agents and found the answer.
National Bidding War Rate Hit a 10-Year Low in October
Nationally, just 10 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in October
Bidding Wars Edge Up Slightly in September, Bucking the Typical Seasonal Trend
Nationally, just 11 percent of Redfin offers faced a bidding war in September, down from 41 percent a year earlier, but up slightly from the eight-year low of 10 percent set in August.
10% of Redfin Offers Faced Bidding Wars in August, a New 8-Year Low
The bidding war rate is the lowest it’s been in at least eight years. But some markets, like San Francisco, are still fairly competitive.
11% of Redfin Offers Faced Competition in July, the Lowest Rate Since at Least 2011
Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
Just 1 in 8 Home-Purchase Offers Submitted by Redfin Agents in June Faced Competition, Down from 1 in 2 a Year Earlier
The housing market in San Francisco tapped the brakes in June as just 28 percent of offers written by Redfin agents on behalf of their home-buying customers faced a bidding war.
