Homebuyers Enjoy Biggest Price Cuts in Years

Over 21% of U.S. home listings saw price reductions recently, the highest for this time of year since 2022, driven by high mortgage rates and economic uncertainty. Major markets like Denver and Indianapolis have the highest price cut rates, while San Francisco has the lowest due to strong demand. Sellers are increasingly pricing homes realistically upfront, reflecting buyer leverage and market conditions, with negotiating room still available in many areas.