The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019. One of every six (16.7%) U.S. home sellers dropped their asking price in August, up from 15.9% a year earlier and the highest share for that month in records dating back to 2012. […] The post Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers appeared first on Redfin Real Estate News.
