According to Redfinâs national data, the average buyer's agent commission varies significantly based on home prices. For homes priced over $1 million, the commission remains stable at 2.17%, while there are slight increases for lower-priced homes. Despite new rule changes by the NAR, many sellers still pay standard commissions, although some are offering lower rates, especially for new constructions. The market dynamics indicate that while commissions may fluctuate, the seller's willingness to pay remains high unless a competitive seller's market emerges, which could shift this trend.
Despite shifts in commission rates by home price, most sellers still opt to pay buyer's agents commissions around 2.5% to 3%, indicating solid market dynamics.
Redfin's data reveals buyer's agent commissions are lower for expensive homes, as agents balance lower rates with maintaining significant income, reflecting market practices.
Agent Stephanie Kastner notes a rise in sellers offering 2% commissions, particularly in new constructions, highlighting the changing landscape of real estate incentives.
Market dynamics remain intact in Portland, with sellers willing to pay buyer's agent commissions, barring shifts towards a competitive seller's market influencing commission strategies.
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