The share of homes for sale with price drops hits a record high

Real estate company Redfin reports that the share of homes for sale with price drops is at its largest ever.

The real estate market is fairly harsh for all parties involved right now, but here’s a glimmer of good news for homebuyers: Sellers are slashing their prices at record levels.

Real estate company Redfin reports that the share of homes for sale with price drops is at its largest ever. The company measures this share by averaging the share of listings with price drops within a four-week window. During the four weeks ending Oct. 29, a whopping 6.9% of all homes on the market underwent price cuts.

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Source: Money.com

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