Nearly half of U.S. home sellers gave concessions to buyers in the first quarter of 2025, as rising housing costs, high interest rates, and a growing supply of homes have made buyers more cautious, according to a new report from Redfin.
The technology-driven real estate broker reported that 44.4 percent of home-sale transactions included a concession—such as funds for repairs, closing costs, or mortgage-rate buydowns—up from 39.3 percent a year ago and close to the record 45.1 percent seen in early 2023.
“When buyers have more options to choose from, it typically means they have more negotiating power,” the report stated. “Plus, Redfin agents report that many homes are overpriced, which often means they linger on the market, forcing sellers to offer concessions to find a buyer.”…