The days of bidding on homes with 20 other buyers are coming to an end.
Redfin said under 50% of their offers now have no competing offers, the lowest rate in 2 years.
They also stated that homes that would have had 20 showings two months ago are now getting one or even no showings.
Buyers are also canceling more frequently than any time on record other than the first 2 months of the pandemic.