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'We're seeing buyers backing out': Sellers slash home prices in response to weakening housing market

Por: MarketWatch Business October 22, 2022

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That’s compared to just 4% of homes having their prices reduced each week over the same period a year ago. Redfin’s data goes back to 2015. The company averaged out the share of listings which saw a price cut over four weeks, to smoothen out any outliers. Taylor Marr, deputy chief economist at Redfin, added that looking over a bigger time period, i.e. a month, the company’s data shows that a quarter of homes right now are dropping prices.... + full article



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