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