Home listings are piling up as buyers step back...sellers are stepping up price cuts to try and entice buyers struggling with affordability.
A housing market that for years has been defined by fast sales...is starting to look more like it did before the pandemic in terms of competition among buyers and their negotiating power.
Competition isn't so fierce, with fewer bidding wars and homes selling way above asking, leading sellers to slash prices. Almost a fourth of listings saw a price cut last month.
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