<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0XPbNh_0vAuRwxv00" alt="https://img.particlenews.com/image.php?url=0XPbNh_0vAuRwxv00" width="1220" height="784" ><figcaption>Data: John Burns Research &amp; Consulting ; Chart: Axios Visuals</figcaption></figure>A shrinking share of Northwest homes are getting multiple offers, per a report from real estate research group John Burns. Of note: The region includes Alaska, Hawaii, Idaho, Montana, Oregon, Washington and Wyoming.Why it matters: Less competition is a good thing for the few buyers still looking. <a href="https://www.axios.com/2024/07/27/home-buying-challenges-us">House hunters</a> can take their time and may even be able to negotiate with sellers. The big picture: Just a few years ago, homes were getting <a href="https://www.axios.com/2022/05/25/the-real-estate-frenzy-is-over">dozens of over-asking offers</a>.<ul><li>Now the market is quieter as most prospective buyers wait for <a href="https://www.axios.com/2024/08/14/mortgage-applications-hit-19-month-high">mortgage rates</a> to come down further.</li></ul>Yes, but: Inventory is still an issue, and agents across the U.S. say well-priced, turnkey homes are going fast.Bottom line: There are some silver linings in this challenging market.</div></body>

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Charted: Less competition for Northwest homebuyers

A shrinking share of Northwest homes are getting multiple offers, per a report from real estate research group John Burns. Of note: The region includes Alaska, Hawaii, Idaho, Montana, Oregon, Washington and Wyoming. Why it matters: Less competition is a good thing for the few buyers still looking. House hunters...

Charted: Less competition for Northwest homebuyers

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