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IPFS News Link • Housing

Over 25% Of Home-Sellers Dropped Their Price In June In Most Metro Areas

• https://www.zerohedge.com by Mike Shedlock

Redfin 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. 


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