There will likely be less competition for home buyers this spring—a widely reported index from Redfin shows a significant decrease among real estate professionals reporting bidding wars in March, compared to a year ago. Only 16 percent of offers written by Redfin agents on behalf of their customers in the first three weeks of March faced a bidding war, down from 61 percent a year ago, according to the brokerage’s index.
San Francisco, Boston, San Diego, and Portland, Ore., are the most competitive housing markets this month, according to the report. However, even in these markets, only one in five buyers faced bidding wars; a year ago, real estate agents in these markets reported that 65 percent of their buyers’ offers faced multiple bids.
Managing The Real Estate Details 
So does this mean it’s a buyer’s market?
A great question! Not yet, but that we may be moving from a seller’s market to a more balanced one. A balanced market is said to have 4-6 months of inventory. When we have more inventory than that, then we’ll have a buyer’s market.