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If you’re still picturing the stress of bidding wars every time you think about buying a home, I’ve got some good news—you can relax a little. While multiple offers aren’t gone for good, they’re happening far less often than they used to.
According to the latest numbers, only 1 in 5 homes nationally received multiple offers in June 2025. Compare that to just a year ago when it was nearly 1 in 3, or back in June 2023 when almost 40% of homes sparked bidding wars. Clearly, things have shifted.
That drop means less competition, more breathing room, and more negotiating power for buyers.
Why It Still Depends on Location
Here’s the catch: national stats don’t tell the whole story. Real estate is local—and that means your experience could look very different depending on where you’re searching.
For example, the Northeast is still hot, with about 34% of homes facing multiple offers. But head down to the Southeast? Only 6% of homes are seeing that kind of competition. That’s a huge difference.
What’s driving the variation? It mostly comes down to inventory. Fewer homes available = more competition. More homes on the market = buyers having the upper hand. Simple as that.
Sellers Are Getting More Flexible
Here’s another big shift you’ll like: nearly half of sellers are offering concessions right now, whether that’s covering closing costs or trimming their asking price.
Think about how different that is compared to a few years ago when sellers called all the shots. Back then, buyers often waived inspections or appraisals just to get their offer considered. Today, sellers are more open to negotiation—giving buyers even more leverage than before.
The Bottom Line
If you’ve been holding back because you’re worried about bidding wars, it might be time to jump back in. Competition is down, sellers are more flexible, and buyers finally have more say in the process than they’ve had in years.