Housing Market News
Bidding Wars
Which Bidding War Strategies Are Most Effective?
Cash is king, but a personal letter to the seller increases a competitive offer’s chance of being accepted by 52%.
Bidding Wars Intensify as Some Homebuyers Make Simultaneous Offers on Multiple Homes
Consider a fixer-upper to avoid competition and high prices, Redfin agents advise.
Homebuyers Faced Fewer Bidding Wars In March Thanks to Surge in New Listings
Bidding wars gained steam as the spring home-buying season got under way, with 61 percent of offers written by Redfin agents facing competition from other buyers in March. That’s up from 57 percent in February, but down slightly from 63 percent in March 2014.
Bidding Wars Hit Oakland Amid Tight Supply
At the end of January, Oakland had only six weeks of inventory remaining. That’s leading to bidding wars.
Bidding Wars Heat Up, but Remain Less Extreme than in 2013
In March, 63.4 percent of offers written by Redfin agents across 19 markets faced competition from other buyers, up from 58.7 percent in February.
Redfin Bidding War Report Shows Home-Buying Competition Eased in May
Seven of every 10 offers written by Redfin agents in May faced competition.
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
