Posted Jul 31, 2022, 8:47 AM
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Registered User
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Join Date: Apr 2021
Location: Utah
Posts: 363
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Zillow press release: Buyers gaining time and options as competition eases
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The share of homes with a price cut is rising across the U.S. as well, and at 14.8% is at the highest level since November 2019. Salt Lake City (24.1%), Sacramento (21.7%) and Phoenix (20.4%) are seeing the highest shares of price cuts.
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The fastest drops in newly pending sales from May to June are taking place in San Jose (-24.3%), Seattle (-23.9%) and Salt Lake City (-20.8%)
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