Homebuyers face far fewer bidding wars as the housing market cools off
March 27, 2019 at 12:41 PM EDT
During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent of offers that faced competition during the same period a year ago. Redfin operates in more than 85 major metropolitan markets across the U.S.