Sellers Are Slashing Prices In These Ten Metros
Home prices are up but in some metros, sellers are slashing prices.
Of the largest 150 U.S. metros, only 29 saw a YOY increase in price reductions, with only 15.5% of all homes listed on Realtor.com getting a price cut in July, according to data from the website.
While that’s bad news for home shoppers everywhere else, buyers in those metros can benefit even when locking in a high interest rate.
The top five metros for price cuts are Huntsville, AL; Lafayette, LA; McAllen, TX; Jackson, MS; and Augusta, GA.
Rounding out the top ten are Memphis, TN; Fort Collins, CO; Cape Coral, FL; Greenville, SC; and Fort Wayne, IN.
Realtor.com limited the list to one metro per state for…