The share of homes sold above their listing price was at 28.5 percent for the four weeks ending June 8, down from 32 percent a year back, real estate brokerage Redfin said in a June 12 statement.
The 28.5 percent share is the “lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt,” the company said.
“That’s one signal of the shift toward a buyer’s market in much of the country. For the sake of comparison, more than half (53 percent) of homes sold above list price during this period in 2022, when the housing market was heavily favoring sellers.”…