Homebuyers Find Bargains in Four States' Housing Markets

A rising share of U.S. homeowners are listing properties below their purchase price, with Colorado, Hawaii, Florida, and Arizona exceeding 10%. Nationally, 7% of listings are below purchase price, up from 6.6%. This trend reflects weaker demand, higher borrowing costs, and larger inventories in markets with sharp pandemic-era price gains. Many sellers accept lower proceeds to move or reduce costs, signaling a shift toward buyers in some regions.