2025-10-02T14: 45: 19z
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- Home Buyers Are Getting Some Relief in the Form of Lower Home Prices Recently.
- That’s partly due to rising inventory and more sellers being Willing to Slash Prices in Key Metros.
- San Diego-Chula Vista-Carlsbad Topped the List of Markets Where Prices are Dropping the Fastest.
House Hunters, we have some good news.
Conditions see more in favor of BUYERS LAST MONTH, AS AMERICANS LOOKING TO BUY A HOME WERE GREEED WITH LOWER MEDIA PRICES IN A HANDFUL OF TOP HOUSING MARKETS.
Realtor.com’s Latest Monthly Report Shows that the National Median Price for A Home Was ARUND $ 425,000 IN September, Down 1.2% from the previous month.
Overall Housing inventory in the US GREW FOR THE 23RD MONTH IN A ROW IN September, and the Median Home is Staying on the Market for 15 Days Longer than it did in September 2022, The Report Said. Those are a few of the factors that explain why sellers are more willing to slash prices.
“Price Cuts Are Far More Common at Lower Price Tiers,” The Firm Said. “This is consistent with more motivated Sellers at the botTom of the Housing Ladder, who Need to SEll to Buy Next Home, Compared to Patient and/or Price-Anschored at the Top.”
These are the seven housing markets where home prices are dropping at the Fastest Pace.
San Diego-Chula Vista-Carlsbad, Ca
Art Wager/Getty Images
Miami-for Lauderdale-West Palm Beach, Fl
Thepalmer/Getty Images
Los Angeles-Long Beach-Aheheim, Ca
MAREK MASSIK/SHUTTERSTOCK
Austin-Round Rock-San Marcos, TX
Backyardproduction/Getty Images
San Jose-Sunnyvale-Santa Clara, Ca
F11photo/Getty Images
Phoenix-Mesa-Chandler, AZ
Charles Harr/Getty Images
Dallas-for Worth-Arlington, TX
Adamkaz/Getty Images
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