Record Share of Home Sellers Cut Listing Prices in February: Report

A ‘For Sale’ sign near a home in Austin, Texas. Brandon Bell/Getty ImagesA record share of home sellers cut their listing prices in February as competition for homebuyers necessitated steep price reductions, an April 9 report by real estate platform Redfin said.About 34.2 percent of sellers reduced their listing prices in February, up from 31.5 percent in the same month a year earlier, according to Redfin’s analysis of MLS data. That was the highest February share since the firm began tracking MLS records in 2012.