Buyers And Sellers Both Make Concessions As Market Rebalances

Buyers And Sellers Both Make Concessions As Market Rebalances

ByTMN Editor Reading Time: 3 minutes

Housing inventory is increasing as mortgage rates are locking some buyers out of the market, but re-balancing comes with sacrifices for both buyers and sellers. Redfin reported that there were 2.9 months of home supply during the four weeks ending September 11. This is up from 1 month a year ago and the highest level…

Record Share Of Homesellers Slash Prices
|

Record Share Of Homesellers Slash Prices

ByTMN Editor Reading Time: 2 minutes

Home sellers are slashing prices at a record pace as buyer activity falls off, Redfin reported. The median asking price for newly-listed homes saw decreased acceleration, rising 15% YOY. It is down 1.5% from its all-time high, which it hit in May. At the same time, a record share of sellers cut their asking price…

End of content

End of content