How Buyer Competition Has Cooled in 2025

If you’re worried about facing a bidding war when buying a home, you can finally take a breath. While multiple-offer situations still happen, they’re far less common than in recent years. A recent survey shows only 1 in 5 homes (20%) nationwide received multiple offers in June 2025—down from 31% last year and 39% in 2023. That means today’s buyers are finding less competition, more negotiating power, and more time to make decisions.

Of course, conditions vary by region. According to John Burns Research & Consulting (JBREC) and Keeping Current Matters (KCM), some markets—like the Northeast—still see about one-third of homes receiving multiple offers. But in the Southeast, including Miami and the Florida Keys, that number drops to just 6%, showing a far cooler, more balanced market.

What’s driving this change? Increased housing inventory and shifting demand. As more homes hit the market, the competition that once defined the pandemic-era market has eased. And sellers are becoming more flexible, too. Redfin reports nearly half of sellers are offering concessions, such as covering closing costs or adjusting prices to attract buyers.

For Miami and Keys buyers, this new reality offers real opportunity. Realtors with The Selling Properties Group powered by LPT Realty are helping clients navigate this more balanced market—where smart strategy can make your next move smoother than ever.