Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers
The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019.| Redfin Real Estate News
The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019.| Redfin Real Estate News
Luxury home sale prices rose 3.9% year over year to a median $1.25 million, a record high for the month of August, but down from the all-time high of $1.35 million in March, a month when prices are typically higher.| Redfin Real Estate News
Starter-home sales increased 3.8% year over year, rising for the 12th consecutive month to the highest August level in three years. In comparison, sales of mid-price homes fell 0.6% year over year in July, while high-price homes) fell 1.2%. Sales of mid- and high-price homes have declined year over year each month since February.| Redfin Real Estate News
