We’re seeing a bit of an oversupply of long-term rentals lately, and we have been applying different strategies to promote ,positioning , house perks , house shine conditions and price reduction strategies on our rentals... as we have done in the past with the only difference feedback from tenants has been they have too many options to choose and resulting slow to keep fulfilling the vacancies compare what we used to see in the pastI’ve noticed some folks offering incentives like a free month of rent instead of just rent price reduction.

I'm seeing investor clients who are getting credits to help buy down rates on DSCR loans as well as some who are also getting price reductions.

Since I buy in desirable areas, no rent reductions or incentives.

When a market calms, value-add deals and under-market buys begin showing up again—especially for properties that need work or that aren’t positioned well by inexperienced agents.Sellers Need a Reality Check (and Many Are Getting One Later Than They Should)You’re starting to see the classic signs that sellers overshoot:Price reductions after 2–3 weeksOffers coming in at ask or belowCredits returning as a negotiation toolHomes needing minor repairs getting ignored by pickier buyersThis is especially true in some West Knoxville price bands, where sellers are used to getting whatever they ask for.

Second, the guest is telling everyone to avoid this property like the plague (expect bad platform review and Google reviews).So while AI might save you time temporarily it might cost you more time, maintenance and cashflow reduction in the end.

On market ~4–8 weeks in the mid-$700s.Considering a reduction into the high-$710s versus a deeper move toward the low-$710s.

I would rather give the money to my tenant if he wants to clear the snow in exchange for a rent reduction but I have no idea what the price should be, how often it needs to be done, etc.

If the same pace of rate cuts or reductions continue; we will be at 4.5%+ by this time next year. 

Hey All,Here is an update on the Allegheny County real estate market for the past 7 days (data pulled from the West Penn MLS)Total price reductions went up to 737, compared to this year's average of 390Number of expired listings went up to 229, compared to this year's average of 117Sales price to list price ratio is 97.61%, compared to this year's average of 98.34%Average sales price is up 13% compared to this year's average Listings sold in the last 7 days are up 17% over this time last yearAverage days on market is 41, staying around the average of 43 for the yearOverall, we saw a market correction from the previous week for total new listings, pending listings, and sold listings.

Homes now average about 68 days on market, and many see at least one price reduction before selling.