If the thought of getting into a bidding war has been holding you back from buying a home, here’s some encouraging news: you might not have to worry about that as much anymore.
Yes, multiple-offer situations still happen, but not at the pace we saw over the last few years. According to recent data, only 1 in 5 homes received multiple offers in June 2025. Compare that to nearly 1 in 3 homes at this same time last year, and you can see the market has cooled off quite a bit.
In fact, the number of homes receiving multiple offers has been trending downward for some time now:
Less competition means more breathing room.
In today’s market, buyers are finding that they have a little more time to make decisions and, in many cases, more room to negotiate on price, terms, or repairs. It’s a welcome shift from the fast-paced, over-asking chaos of the last few years.
But like everything in real estate, your experience will depend on where you’re buying.
Not every region is seeing the same slowdown.
According to John Burns Research & Consulting and Keeping Current Matters, while bidding wars are less common nationwide, some parts of the country are still seeing more competition than others:
For example:
In the Northeast, about 1 in 3 homes is still getting multiple offers.
In the Southeast, that number drops to just 6%.
So, what’s causing the difference? In general, markets with limited inventory are holding onto higher levels of competition, while those with more homes available are seeing a softer, more buyer-friendly environment.
This shift in competition also means sellers are more open to negotiation.
A recent Redfin report shows that nearly half of sellers are now offering concessions—like helping cover closing costs, offering credits for repairs, or reducing their asking price.
That’s a big change from the days when buyers had to waive inspections just to be considered. Today, there’s more flexibility on both sides of the table. And for buyers, that opens up new opportunities to get a home that fits your budget and your terms.
If bidding wars, fast timelines, or tough negotiations have been stopping you from starting your home search, now’s the time to take another look.
In many markets, especially here in Jacksonville, buyers are seeing more favorable conditions than they’ve had in years. That means less stress, more choices, and the possibility of getting the right home on your terms.
Thinking about jumping back in? Let’s connect. We’ll walk you through the current conditions in your area so you can move forward with confidence.