Sellers across the U.S. are facing a challenging housing market where high prices are stalling and price cuts are becoming common. Around 20% of homes saw price reductions in April 2025, causing anxiety among homeowners. Experts suggest that sellers shouldn't panic or hastily lower their prices when they see neighbors listing homes for less, as these reductions may stem from individual circumstances rather than a direct commentary on their propertyâs value. An informed, measured response can help sellers maintain higher home values.
"What usually happens is a neighbor lists their home below market value, and suddenly, sellers next door are in a panic."
"It might be due to the house needing repairs, the owner wanting to move very badly, or low pricing to attract multiple offers."
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