Should You Still Expect a Bidding War?

If you’re still worried about running into a bidding war when buying a home, you may be able to breathe a little easier. While multiple-offer situations haven’t completely disappeared, they’re not nearly as common as they were just a few years ago. A recent survey shows only 1 in 5 homes (20%) nationally received multiple offers in June 2025. Compare that to 31% a year ago and 39% in June 2023, and it’s clear buyers today are facing less competition. 

What This Means for Buyers

This trend means you’re more likely to have time to make decisions without feeling rushed. Plus, with fewer buyers at the table, you may have more room to negotiate on price or terms.

Local Market Differences

Of course, national numbers don’t tell the whole story—local dynamics matter, and they matter a lot. For example, in the Northeast, about 34% of homes (roughly 1 in 3) are still seeing multiple offers, well above the national average. But in the Southeast, that number drops to just 6%. In general, markets with tighter inventory are still experiencing more competition, while areas with more listings are seeing fewer bidding wars.

Sellers Are More Flexible

Another big change? Sellers today are often more willing to work with buyers. A recent report shows almost half of sellers are offering concessions—whether that’s covering closing costs, making repairs, or lowering their asking price. This is a sharp contrast to the market we saw a few years ago, when sellers rarely compromised and buyers often waived inspections just to compete.

Bottom Line 

If fears of a bidding war have been holding you back, now may be the time to re-evaluate. Nationally, competition is down. And with more sellers offering concessions, buyers have more leverage and flexibility than they’ve had in years. At Slater Realty Group, we know the local market inside and out. If you’re ready to see what conditions look like in your area or you’re thinking about making a move contact us today.

Source

Coldwell Banker Realty