If you’re feeling stressed about jumping into a bidding war when buying a home, there’s a good chance you can ease some of that worry.

Multiple-offer situations haven’t gone away completely, but they’re definitely less common than before. In fact, a recent survey found that only about 1 in 5 homes nationwide (20%) had multiple offers in June 2025.

That’s a drop from almost 1 in 3 people (31%) just a year ago, and a big decrease compared to June 2023 when it was 39% (see graph below):

This trend means you’ll likely run into fewer buyers competing with you. That gives you extra time to think things over and more room to negotiate the price or terms.

It Still Depends on Where You’re Buying

National trends give us a general idea, but they don’t capture the whole picture. What’s happening locally is really important. This second graph, based on survey data from John Burns Research & Consulting (JBREC) and Keeping Current Matters (KCM), breaks things down by region to show exactly that. It reveals that although the overall number of homes receiving multiple offers has gone down across most places, some areas still attract more competition than others.

In the Northeast, about one in three homes—34%—are still getting multiple offers, which is higher than the national average. Meanwhile, in the Southeast, that figure is much lower, sitting at just 6%.

So, why is there a difference? It mostly comes down to supply and demand. In places where bidding wars are still happening, there just aren't as many homes available compared to the number of buyers. This shortage drives up competition and prices. On the other hand, areas with more homes on the market are seeing things calm down, which means fewer bidding wars.

Sellers Are More Flexible Than You Might Think

Here’s a clear sign of how much the market has shifted: nearly half of home sellers are now willing to offer concessions, such as helping with the buyer’s closing costs or lowering their asking price, just to make their house sell.

That’s a clear sign the market isn’t as ultra-competitive as it was a few years ago. Back then, sellers hardly ever compromised, and buyers often skipped inspections or appraisals just to make their offers more attractive. But now, the situation has changed.

How often this happens really depends on the area you’re interested in. That’s why having a local agent’s knowledge is so important.

Bottom Line

If you’ve been hesitant because of worries about bidding wars, now might be a good time to reconsider. Across the country, competition among buyers has eased, and in some areas, it’s dropped quite a bit. Plus, with more sellers willing to offer concessions, buyers have more leverage and flexibility than they’ve seen in a while.

Curious about the market in the area you're looking to buy? Let’s get in touch and explore it together.