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Homebuyers see record price cuts, with October averaging $25,000 in reductions nationwide.
Homebuyers nationwide are seeing record price discounts, with October listings averaging $25,000 in cumulative price cuts—the highest ever recorded by Zillow.
About 26.9% of homes had price reductions, with major metro areas like San Jose and Los Angeles seeing median cuts exceeding $50,000.
Smaller discounts were seen in lower-cost markets.
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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Los compradores de viviendas ven recortes de precios récord, con un promedio de 25.000 dólares en octubre en reducciones a nivel nacional.