The significant advantage to buyers is negotiating power, and if done right, it could help offset some of those higher mortgage rates.
Below is a list of 20 metro areas with the highest share of home sellers dropping their listing prices in October.
The data is based on the top 50 most populated areas as defined by the US Census Bureau.
If they need to move by a specific date or need that cash, you can offer a quick closing.
More than one-third — or 35% — of home sales in the three months ending October 31 included concessions to buyers, according to Redfin.
Persons:
Shmuel Shayowitz, It's, Shayowitz, Dottie Herman, Douglas Elliman, Herman, Price
Organizations:
Competition, Business, US Census Bureau, Orlando, Phoenix, DC
Locations:
Redfin, Metro, Cincinnati, Indianapolis, Denver, Tampa, Portland, Antonio, Austin, Dallas, Minneapolis, Worth , TX, Jacksonville, Louis, Sacramento, Seattle, WA, Baltimore, Cleveland, Houston, AZ, Kansas City, Washington