You're currently following this author!
Want to unfollow? Unsubscribe via the link in your email.
Sellers are slashing the sales price of their home at a faster pace in a handful of top metro areas, Realtor.com said in its latest monthly report.Joe Raedle/Getty Images
Copy linkEmailFacebookWhatsAppXLinkedInBlueskyThreadsImpact Link
SaveSaved
This story is available exclusively to Business Insider
subscribers. Become an Insider
and start reading now.Have an account? .
House hunters, we have some good news.
2025-10-02
Conditions shifted more in favor of buyers last month, as Americans looking to buy a home were greeted with lower median listing prices in a handful of top housing markets.
Realtor.com's latest monthly report shows that the national median list price for a home was around $425,000 in September, down 1.2% from the previous month.
Overall housing inventory in the US grew for the 23rd month in a row in September, and the median home is staying on the market for 15 days longer than it did in September 2022, the report said. Those are a few of the factors that explain why sellers are more willing to slash prices.
"Price cuts are far more common at lower price tiers," the firm said. "This is consistent with more motivated sellers at the bottom of the housing ladder, who need to sell in order to buy their next home, compared to patient and/or price-anchored sellers at the top."
You're currently following this author!
Want to unfollow? Unsubscribe via the link in your email.
Jennifer Sor is a senior reporter at Business Insider. She covers financial markets and the economy, with a focus on retail investing, job trends, and the pursuit of wealth. She regularly speaks to famed forecasters and top investors in markets, and her work has been referenced in outlets such as CNN, Forbes, and Bloomberg Opinion's "Money Stuff." She also regularly appears on television and radio to speak about markets and the US economy.Prior to her time at Business Insider, Jennifer covered tech and business news at the San Francisco Chronicle and Los Angeles Business Journal. She graduated from the University of California, Santa Barbara with a bachelor's degree in economics and English.Have an interesting story to share? Please reach out to her at jsor@bjinnox.com or @jennreports.81 on the encrypted messaging app Signal.
