More Home Sellers Are Slashing Prices as Buyers Gain Leverage

Housing market turns against sellers in 12 major US cities

Nearly one in three listings are being marked down in some markets as sellers face a new reality of high mortgage rates and pickier buyers.

More home sellers are slashing prices as buyers gain leverage

The U.S. housing market is increasingly favoring buyers, with more than one in five home sellers cutting their asking prices in the four weeks ending Sept. 20, the highest share for this time of year since Redfin began tracking the measure in 2022, Fortune reports.  Among the 50 largest U.S. metros, Denver had the highest […]

Home prices are falling the most in these 12 cities as inventory piles up

Price cuts are becoming more common in housing markets across the US, as buyer demand wanes amid this year's surge in mortgage rates.

Redfin signals a shift in power to buyers as a record share of sellers cut prices for this time of year—but 7% mortgage rates are a problem

Home price cuts just hit a September record. But with mortgage rates above 7%, it's a buyer's market only for some

Price Cuts Reach September Record as Inventory Nears Pre-Pandemic Levels

Higher mortgage rates are reshaping the fall housing market, pushing more sellers to reduce prices while fewer buyers move forward with a purchase, according to the recently released Realtor.com® September 2026 Monthly Housing Trends Report. The share of active listings with a price reduction rose to 20.8% in September, up 0.9 percentage points from a…

Pending sales take a hit as mortgage rates sit at 7.5%

Signed contracts fell more than 8% year-over-year in September, but motivated sellers are out there and may opt to cut prices instead of waiting until spring.