IPFS News Link • Housing
Over 25% Of Home-Sellers Dropped Their Price In June In Most Metro Areas
• https://www.zerohedge.com by Mike ShedlockRedfin reports More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market
Price Drops by City
Boise, ID (61.5%)
Denver, CO (55.1%)
Salt Lake City, UT (51.6%)
Tacoma, WA (49.5%)
Grand Rapids, MI (49.3%)
Sacramento, CA(48.7%)
Seattle, WA (46.3%)
Portland, OR (45.7%)
Tampa, FL (44.5%)
Indianapolis, IN (44.1%)
Phoenix, AZ (43.6%)
San Diego, CA (43.3%)
Stockton, CA (42.9%)
Austin, TX (41.6%)
"Home sellers are contending with a rapidly changing market, especially in places where they're used to their neighbor's homes getting multiple offers and selling for more than asking price," said Redfin Senior Economist Sheharyar Bokhari.