Depending on the location, potential homeowners across the United States are experiencing the largest Autumn discounts on list prices since 2019. Meanwhile, the number of buyers’ markets in September doubled from a year ago. However, real estate professionals are not expecting a “fire sale.”
An Oct. 20 report from Redfin showed that the average single-family home sold for 1.4 percent below the asking price—the biggest September drop in the past six years.
Homes are also staying longer on the market—an average of 50 days—marking the slowest Autumn sales pace since September 2016. Meanwhile, sellers have started rethinking their options, as active listings fell by about 1 percent nationwide in September….