Nearly half of U.S. sellers are cutting prices

"The latest HW Data shows 42% of active single-family listings nationwide include a price cut. The median markdown is 4%, showing that many sellers are trimming just enough to bring buyers back to the table without significantly resetting market values. Nationwide inventory totals 863,972 listings, equal to a 2.76-month supply at the current sales pace. The median list price holds at $444,900, while new listings entered the market at a lower $410,000 median."

"On a per-square-foot basis, the national median is $215. This stability at the median, combined with widespread markdowns, illustrates how sellers are testing pricing and then repositioning to meet buyer demand. Cuts are concentrated at mid-range and higher price tiers, where affordability pressures are most pronounced. Homes are taking slightly longer to sell compared with early September. The median days on market is 70, up from the low 60s a month earlier."

"Contracts are averaging 36.6 days in escrow, showing that when pricing aligns, buyers are acting decisively. The Market Action Index stands at 34, keeping the market on the seller's side of neutral but far from the overheated conditions of recent years. The data points to a balancing market. List prices appear steady, but nearly half of sellers are making concessions in the form of markdowns."

Forty-two percent of active single-family listings nationwide have a price cut, with a median markdown of 4%. Nationwide inventory totals 863,972 listings, equal to a 2.76-month supply. The median list price holds at $444,900 while new listings enter at a $410,000 median; the national median price per square foot is $215. Cuts concentrate in mid-range and higher price tiers where affordability pressures are strongest. The median days on market is 70 and average listing age is 112 days. There are 362,632 homes under contract with a median pending price of $399,990; contracts average 36.6 days in escrow. The Market Action Index is 34.

Read at www.housingwire.com