Price Cuts Deepen as Market Moves Further Into Buyer's Market Territory

In August, nearly one in six sellers dropped their asking price, and the typical home sold for almost 4% below list—the biggest discount since 2019. With inventory rising and demand cooling, sellers are struggling to adjust to a post-pandemic reality. This episode breaks down where price cuts are surging, why single-family homes are leading the trend, and what it all means for buyers this fall. Learn more about your ad choices. Visit megaphone.fm/adchoices