Market Desk
30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

Real Estate Today

Market Desk
30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

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More Home Sellers Reduce Asking Prices as Summer Market Slows

More Home Sellers Reduce Asking Prices as Summer Market Slows

More U.S. home sellers lowered asking prices in July, according to the latest housing market report from Realtor.com, as higher mortgage rates and slower seasonal buyer demand influenced listing activity. The data provides insight into pricing strategies, regional market conditions, and current affordability challenges. Key Takeaways The share of U.S. home listings with price reductions reached 20% in July. Higher mortgage rates and seasonal demand slowed homebuying activity. Price cuts were most common in the West and South. Portland, Denver, Dallas, and Austin recorded some of the highest shares of discounted listings. National asking prices declined year over year while homes continued selling in a similar timeframe.   Home sellers reducing asking prices became more common across the United States in July as higher borrowing costs and slower seasonal buyer activity influenced the housing market, according to Realtor.com’s latest monthly housing report. The report found that 20% of active listings