As homeowners rush to sell during spring, many are cutting prices to appeal to potential buyers who are hesitant due to affordability issues and economic uncertainty. Particularly in the Sun Belt region, inventory levels have increased dramatically, causing homes to linger longer on the market. Cities such as Phoenix lead in the number of price reductions, with a notable rise in discounted listings. Economic experts suggest that competitively priced homes are crucial for sellers to capture buyer interest in this challenging market.
As inventory builds up, homes sit on the market for longer, pushing sellers to reduce their asking price to drum up some buyer attention.
Listing a competitively priced, move-in ready home is the best way for sellers to attract buyers.
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