Should You Still Expect a Bidding War?
Hi friends, it’s Melinda here 👋. If you’ve been thinking about buying a home in Connecticut but the thought of a bidding war still makes your stomach tighten, let’s take a deep breath together. The good news is that things have shifted, and you may not have to brace for the same level of competition buyers faced just a couple of years ago.
Bidding Wars Are Less Common Today
While multiple-offer situations haven’t completely disappeared, they aren’t nearly as common as they once were. A recent national survey found that only about 1 in 5 homes (20%) received multiple offers in June 2025.
For perspective, that’s down from nearly 1 in 3 homes (31%) in 2024, and much lower than 39% in June 2023.
✅ What does this mean for you?
You’ll likely face less competition, giving you more time to make thoughtful decisions — and in many cases, more room to negotiate on price and terms.
Local Connecticut Market Still Matters
Here’s the thing: national data gives us the big picture, but what really matters is what’s happening here in Tolland, Windham, Hartford, and New London Counties.
In the Northeast, about 34% of homes are still seeing multiple offers — higher than the national average. That tells us that inventory in some Connecticut towns is still tight. In popular areas like Coventry or Glastonbury, a well-priced home in great condition can still draw several offers.
But overall, the pressure has cooled compared to 2022–2023. More listings are coming to the market, and that balance means buyers in many Connecticut communities are finally finding a little breathing room.
Sellers Are Offering More Flexibility
Another big change? Sellers are becoming more flexible than we’ve seen in years. A recent Redfin report shows that nearly half of sellers nationwide are offering concessions. That can look like covering closing costs, offering repair credits, or adjusting the asking price to attract serious buyers.
Not long ago, buyers were waiving inspections and appraisals just to compete. Now, the landscape feels different. Sellers understand they need to meet buyers halfway — and that creates opportunities for you.
Bottom Line: You Have More Power Than Before
If concerns about bidding wars have been holding you back, it may be time to take another look at the market. Competition has eased nationally, and here in Connecticut, buyers are finding more flexibility and negotiating power than they’ve had in a long time.
Every town and price point is a little different, which is why having a local Connecticut Realtor who knows how to navigate both hot listings and calmer markets is so important.
If you’re curious about what’s happening in your neighborhood — or the one you’re hoping to move to — I’d love to walk you through it. Together, we’ll make sure you feel confident, prepared, and supported every step of the way.
📞 Call me at 860-985-4363 or head to melindatherealtor.com for your free consultation.
💬 Never too busy for you to be my #1 client
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