Price Cuts on Home Listings Surge to 9-Year High—and These 3 Cities Lead the Trend
In welcome news for homebuyers, the number of listed properties offering price reductions climbed in May to levels not seen since 2016—with discounted homes now twice as common in the South and West as in the Northeast. Price cuts were reported on 19.1% of all for-sale homes—the highest percentage for any May since at least…