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One in Five Home Listings Got a Price Cut. Why Aren’t Buyers Rushing Back?

More homes are available. More sellers are cutting their asking prices. Buyers still have to make the monthly payment work.

One in Five Home Listings Got a Price Cut. Why Aren’t Buyers Rushing Back?

More homes are available. More sellers are cutting their asking prices. Buyers still have to make the monthly payment work. That tension defines Realtor.com’s September housing report, which shows an expanding selection of properties alongside signs that sellers are adjusting expectations. Nationally, 20.8% of active listings had a price reduction, up 0.9 percentage points from a year earlier. Realtor.com describes that as the highest September reading since 2018, rather than an unqualified record. Active inventory reached 1,161,615 listings, up 5.4%…

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