Do new construction homes also get multiple offers?

Yes, new construction absolutely draws multiple offers, but supply decides how much competition you face. Buyers gravitate toward a brand-new home, so desirable new developments compete just like resale listings. We have seen buyers line up the day before a lottery release to get a shot at new-construction lots in a hot area. Real estate is local, though, and this one comes down to supply. In a market carrying a lot of new-construction inventory, a builder sitting on unsold homes is far less likely to generate a bidding war, and you may have room to negotiate instead. In supply-constrained or highly desirable areas, new developments can see the same multiple-offer competition you would find on resale. Before you assume you will either face a bidding war or hold the negotiating leverage, have your agent check how much unsold inventory that specific builder is carrying and how quickly their releases have been selling. That tells you which situation you are actually walking into.