Home Bidding Wars Tumble, Hitting a 10-Year Low

Bidding wars have hit a 10-year low, declining by 39% in October, compared to a year ago, according to the brokerage Redfin. In October, only 10% of the offers written by Redfin agents experienced a bidding war.

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Posted by Jeff Mindham

Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies. I have a master’s degree from the University of San Francisco and a BA degree in Communications.

Home Bidding Wars Tumble, Hitting a 10-Year Low

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Redfin Corporation