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There were homebuyer bidding wars on 65% of Redfin deals in June vs. 74% in April & 57% in June 2020

There were homebuyer bidding wars on 65% of Redfin deals in June, down from 74% in April. It’s still higher than 57% in June 2020, but buyer fatigue and a few more homes available to buy are easing bidding wars a little for now.

About two-thirds of home offers face bidding wars, down from a peak almost three-quarters in April. Still, competition remains higher than a year ago.

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There were homebuyer bidding wars on 65% of Redfin deals in June vs. 74% in April & 57% in June 2020

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