Homebuyers may find favorable conditions in the current real estate market as sellers begin to offer concessions to entice buyers amidst economic uncertainties and high mortgage rates. According to Redfin, nearly 44.4% of home sales in Q1 of 2025 featured concessions, up from 39.3% the previous year. Sellers, facing a disconnect between market expectations and actual selling prices, are resorting to incentives such as covering closing costs or performing repairs. Consequently, home prices are adjusting downward, alleviating purchasing pressures for buyers.
There's a growing disconnect between what sellers think they can get for their homes and the direction the market is actually moving," said Redfin Senior Economist Elijah de la Campa.
Home sellers are giving concessions to buyers. Across the nation, 44.4% of home sales included a concession in Q1 of 2025, up from 39.3% a year earlier.
Collection
[
|
...
]