Sellers waiting for buyers to accept their price are getting a warning: more owners are cutting, fewer buyers are signing contracts, and a cheaper asking price still does not necessarily produce an affordable payment. Redfin’s October 15 report shows the national median asking price fell 0.3% from a year earlier during the four weeks ending October 11. It was the first annual decline since March. Meanwhile, 22% of active listings had price reductions, the highest share in the report’s records.…
MarketNational
A Record 22% of Sellers Are Cutting Prices. Your Home Could Be Next.
