If you’re still worried about having to deal with a bidding war when buying a home, you may be able to let some of that fear go. While multiple-offer situations haven’t disappeared completely, they’re not nearly as common as they were in past years.
A recent survey shows only 1 in 5 homes (20%) nationally received multiple offers in June 2025. That’s down from nearly 1 in 3 (31%) a year ago, and far below the 39% reported in June 2023. For today’s buyers, this trend means less competition, more negotiating power, and more time to make informed decisions.
Local Market Conditions Matter
Of course, national statistics only tell part of the story. Local market conditions play a huge role in whether you’ll face multiple offers.
Data from John Burns Research & Consulting (JBREC) and Keeping Current Matters (KCM) highlights just how different things can look across regions:
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In the Northeast, roughly 34% of homes are still receiving multiple offers — well above the national average.
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In the Southeast, only 6% of homes are seeing the same, showing how much competition has cooled in certain areas.
The biggest factor driving these differences is inventory. In markets where housing supply remains tight, competition is still fierce. But in areas with more available listings, bidding wars are far less common.
Sellers Are More Flexible Than Before
Another major shift in today’s housing market is seller flexibility. According to Redfin, nearly half of sellers are offering concessions — from covering closing costs to reducing their asking price.
This marks a major change compared to the ultra-competitive markets of just a few years ago, when sellers rarely compromised and buyers often waived inspections or appraisals to win. Today, buyers have more leverage, but the details still vary depending on the local market. That’s where the guidance of a knowledgeable real estate agent becomes invaluable.
Bottom Line
If the fear of bidding wars has kept you on the sidelines, now may be the time to reconsider. Nationally, competition has cooled, and in many areas, sellers are more open to negotiations than ever before. To understand what’s happening in your local market and how you can take advantage of these trends, connect with The Ace Estate Team today.
