If you’ve been stressing about running into a bidding war when buying a home, you might not need to worry as much anymore. 

 

Multiple offers haven’t gone away completely, but they’re happening a lot less often than before. In fact, a recent survey found that in June 2025, only about 1 in 5 homes nationwide got more than one offer. 

 

That’s a drop from almost 1 in 3 homes (31%) just a year ago — and way down from June 2023, when it was 39% (see graph below).

 

 

What this means for you is less competition when you’re buying. You’ll have more breathing room to make decisions and a better chance to negotiate on price or terms.

 

Of course, national numbers only tell part of the story—what’s happening locally makes a big difference. The second graph, using data from John Burns Research & Consulting (JBREC) and Keeping Current Matters (KCM), breaks it down by region. It shows that while multiple offers are down almost everywhere, some areas are still seeing more competition than others.

 

 

In the Northeast, about 1 in 3 homes (34%) are still getting multiple offers—higher than the national average. But in the Southeast, it’s a totally different story, with only about 6% of homes seeing more than one offer.

 

So what’s driving the difference? In most cases, the markets still seeing bidding wars don’t have enough homes for sale. That shortage keeps competition high and prices up. But in areas with more listings, things are cooling off—and that means fewer bidding wars.

 

Here’s another sign of how much the market has shifted: a Redfin report says nearly half of sellers are now offering concessions—things like helping with closing costs or lowering their asking price to get the deal done.

 

That’s a clear sign the market isn’t nearly as cutthroat as it was a few years ago. Back then, sellers hardly ever gave in, and buyers were waiving inspections or appraisals just to stand out. Today, it’s a whole different story.

 

But again, how often this happens really depends on the area you’re buying in. That’s why having a local agent’s expertise makes all the difference.

 

If you’ve been hesitant to jump in because of bidding wars, it might be time to rethink that. Competition is down across the country—in some places, way down. And with more sellers willing to offer concessions, buyers have more leverage and flexibility now than they’ve had in years.

 

Curious about what the market’s really like in the area you want to buy? Let’s chat.