Let’s make a deal

As housing inventory continues to increase and the market shifts to a more buyer-friendly slant, some sellers are offering price cuts to attract would-be purchasers. Nationwide, September saw 19.9% of listings with price reductions, up 1.2% year over year.

A sizeable percentage of the price reductions were for homes in the $350,000 – $500,000 range, while only 13.3% of luxury homes ($1,000,000+) saw cuts.