{"id":15169,"date":"2019-03-29T13:13:00","date_gmt":"2019-03-29T13:13:00","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15169"},"modified":"2019-03-29T13:13:05","modified_gmt":"2019-03-29T13:13:05","slug":"declines-in-bidding-wars","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/declines-in-bidding-wars\/","title":{"rendered":"Declines in Bidding Wars"},"content":{"rendered":"

Declines in Bidding Wars<\/h1>\n
\"Declines<\/a>

Declines in Bidding Wars<\/p><\/div>\n

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There will likely be less competition for home buyers this spring\u2014a\u00a0widely reported index from Redfin shows a significant decrease among real estate professionals\u00a0reporting bidding wars this month, compared to a year ago. Only 16 percent of offers written by Redfin agents on behalf of their customers in the first three weeks of March faced a bidding war, down from 61 percent a year ago, according to the brokerage\u2019s index.<\/p>\n

San Francisco, Boston, San Diego, and Portland, Ore., are the most competitive housing markets this month, according to the report. However, even in these markets, only one in five buyers faced bidding wars; a year ago, real estate agents in these markets reported that 65 percent of their buyers\u2019 offers faced multiple bids.<\/p>\n

\u201cThis year even when there is competition among buyers for the same house, prices aren\u2019t bid as high as they were last summer,\u201d says Katie Gilbert, a real estate professional with Redfin in San Diego. \u201cOverall it\u2019s not as chaotic as last year, but buyers still need to move quickly to win homes in the popular areas.\u201d<\/p>\n

The following markets are seeing the highest number of bidding wars this month:<\/p>\n

1. San Francisco<\/strong><\/p>\n