US home sellers are increasingly cutting prices:
A record 34.2% of home sellers lowered their list price in February, the highest for any February since records began in 2012.
Since 2022, the percentage of sellers cutting prices has more than tripled.
Sellers who cut prices cut by an average of $40,915, or -7.3%, the highest February percentage since 2023 and the 2nd-highest since 2017.
Among all sellers, the average price was reduced by $13,463, or -2.4%, the highest for this month on record.
Home sellers in Texas and Florida led the price cuts, while sellers in the Bay Area cut the least.
Elevated mortgage rates and rising housing inventory continue to weaken seller pricing power across the country.
The US housing market is increasingly favoring buyers.
US home sellers are increasingly cutting prices:
A record 34.2% of home sellers lowered their list price in February, the highest for any February since records began in 2012.
Since 2022, the percentage of sellers cutting prices has more than tripled.
Sellers who cut prices… pic.twitter.com/SepfyFIwcG
— The Kobeissi Letter (@KobeissiLetter) April 15, 2026
After years and years of moratoriums, foreclosure auctions are in full swing again in North Texas
Many require all cash bids, but if you’ve been waiting and saving, these auctions are opportunities we haven’t had in many years pic.twitter.com/qS4BQC6fkw
— Amy Nixon (@texasrunnerDFW) April 15, 2026
Between 13.1 and 14.6 million boomers will abandon homeownership between 2026 and 2036.
That's a tidal wave of supply.
The demand to absorb it simply does not exist.This is the Silver Tsunami.
And it's already starting.— Jon Brooks (@jonbrooks) April 15, 2026
Active inventory back to 2020 levels?
