One in Five Home Sellers Cut Prices as Buyer's Market Persists

One in Five Home Sellers Cut Prices as Buyer's Market Persists PR Newswire

* 21% of U.S. home sellers dropped their asking price during the four weeks ending September 20, up slightly from 19.8% a year earlier and the highest share for this time of year in Redfin's records. * Price drops are most common in Denver, which is a buyer's market but less so than other places. Sellers there are still adjusting their expectations. * Price drops are least common in San Francisco, where AI wealth is driving a hot market. SEATTLE, Sept. 30, 2026 /PRNewswire/ -- Just over one in five (21.1%) U.S. home sellers with active listings cut their asking price during the four weeks ending September 20, according to a new report from Redfin , the real estate brokerage powered by Rocket.