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flag Homebuyers see record price cuts, with October averaging $25,000 in reductions nationwide.

flag Homebuyers nationwide are seeing record price discounts, with October listings averaging $25,000 in cumulative price cuts—the highest ever recorded by Zillow. flag About 26.9% of homes had price reductions, with major metro areas like San Jose and Los Angeles seeing median cuts exceeding $50,000. flag Smaller discounts were seen in lower-cost markets. flag Zillow attributes the trend to strong homeowner equity, enabling sellers to lower prices while still profiting, helping align homes with buyer budgets and boosting market activity.

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