- U.S. home sellers cutting prices hit a September record, with 21% reducing prices.
- Redfin reports a strong buyers market, causing sellers to price homes more realistically.
- Denver leads with nearly 31% price cuts; San Francisco sees less than 10% reductions.
SALT LAKE CITY — The share of U.S. home sellers cutting prices just hit a new high for September.
More than 1 in 5 home sellers nationwide with active listings reduced their asking price during the four weeks that ended Sept. 20, according to a new analysis from the online real estate brokerage Redfin.
While the 21% share is only a slight increase from the same period last year, it’s still the highest share of price cuts by home sellers since Redfin began tracking it at the start of 2022…