For the First Time Since Summer 2020, a Majority of Homes Are Selling Below List Price
By:
Mary Ellen Cagnassola
Mary Ellen Cagnassola
Reporter | Joined May 2024
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More home sellers began accepting lower offers toward the end of 2022 as record-high prices and soaring borrowing rates collided, creating a standoff with buyers that left many listings lingering on the market.
A new report from real estate marketplace Zillow found that, for the first time since July 2020’s pandemic home-buying mania first started, market conditions led to more than half of homes being sold below their list price in November.
