Sellers are cutting prices at record pace to combat softening demand

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin’s latest report. The median asking price declined for the first time in six months to $416,000. Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin’s latest report. The median asking price declined for the first time in six months to $416,000. 

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