Good read, and it lines up with what I'm seeing. Nearly half of buyers nationally are getting seller concessions, and 1 in 7 sellers are cutting their price AND offering concessions — the highest on record.
Buyers have real negotiating power again. If you've been waiting for the market to come to you, this is that moment.
Pacific Business News
Home sellers offer concessions as price drops hit a record share
Nearly half of U.S. homebuyers received seller concessions in August, and about 1 in 7 sellers both cut their price and offered concessions — the highest August share on record, per Redfin data.
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Below are the August statistics from the Honolulu Board of Realtors MLS data.
