Redfin Reports More Sellers Dropping Their Prices, But Buyers Find Little Relief

May 6, 2022

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN

SEATTLE–(BUSINESS WIRE)–(NASDAQ:RDFN) —The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 9% a year earlier, and represents the largest annual gain on record in Redfin’s weekly housing data back through 2015 For homebuyers, the typical monthly mortgage payment skyrocketed a record 42% to a new high during th

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