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Goodbye to bidding wars: Some of the hottest housing markets are falling the hardest

In November, just 32 percent of offers written by Redfin, a real estate brokerage, saw multiple offers. Housing inventory in the large metropolitan markets Redfin tracks was up 5 percent in November annually, the largest supply boost in three years. In Las Vegas, inventory in November jumped 54 percent from a year ago and sales were down 12 percent, according to the Greater Las Vegas Association of Realtors.