Home Sellers Are Slashing Prices at Record Pace
- Neil Caron
- 59 minutes ago
- 2 min read
October 6, 2025 | Housing Market Trends | Presented by ReadySetLoan™️
In a clear sign that the housing market is shifting, nearly 17% of home sellers reduced their asking prices in August, marking the largest share for that month on record. According to Redfin, homes also sold for an average of 3.8% below list price — the steepest discount since 2019.
High home prices, expanding inventory, and broader economic uncertainty are prompting sellers to adjust their expectations, giving today’s buyers a little more negotiating power. The trend is especially pronounced among single-family homes, where price reductions are spreading across almost every major U.S. metro area.
“Supply is stacking up, and we’re seeing price drop after price drop,” said Crystal Zschirnt, a Redfin Premier agent in Dallas. “House hunters are still on the fence, hoping mortgage rates come down more before they buy. But the buyers who are jumping in now are the ones who are getting a good deal.”
🐷 RSL Piggy Points
16.7% of sellers cut prices in August — the highest on record for that month.
Homes are selling 3.8% below list, signaling a buyer’s edge.
Rising inventory and affordability pressures are cooling seller confidence.
Buyers ready to act now are finding better deals than earlier in the year.
🎙️ Neil’s Take
“This kind of price movement shows the market finding its balance again,” said Neil Caron, Area Sales Manager at CMG Mortgage. “Buyers with solid financing and good guidance can capitalize when others hesitate. It’s a reminder that timing and preparation matter — and that’s where education from ReadySetLoan™️ really helps.”
🏁 RSL Perspective
The shift toward more price reductions doesn’t necessarily spell a downturn — it’s more of a reset. As inventory builds and competition normalizes, well-informed buyers gain leverage. At ReadySetLoan™️, we believe this is an opportunity for homebuyers to learn, prepare, and make smart, confident moves — because every race to homeownership starts with the right strategy.
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