One in five American homes listed for sale reportedly saw a price cut in September

[Ken M.]

The number of listings with price cuts reached 19.9%, unchanged from August but up modestly from last year. Homes priced between $350,000 and $500,000 saw the steepest markdowns at 21.6%, while luxury properties over $1 million were less likely to see reductions, at just 13.3%, according to a Thursday report from Realtor.com.

"What we’ve uncovered is that price reductions are more common at the lower end of the market, while higher-priced sellers are more likely to hold firm," Jake Krimmel, senior economist at Realtor.com, told FOX Business'
https://www.foxbusiness.com/real-estate/nearly-1-5-american-...

"With the market finding more balance this year, price reductions have become one of the clearest signals of change and of movement in a more buyer-friendly direction," Krimmel told FOX Business. "In 2025, more listings have seen price cuts than in any year since the pandemic, and certainly since mortgage rates surged in 2022 and demand cratered."