34.2% of US home sellers cut list prices in February with average reductions of $40,915 — sharpest February discounting pattern in over a decade
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 …
