Redfin: US home price cuts ease to 35.4% of sellers in April
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In April, 35.4% of U.S. home sellers reduced asking prices, a slight decrease from 35.6% in March, indicating easing seller discounting as demand improves. Price cuts remain high compared to the pandemic era, with sellers cutting prices by an average of 4%. San Antonio had the highest price cut share at 58.7%, while San Francisco had the lowest at 13.9%. Philadelphia saw a notable decline in price cuts, dropping to 30.3%.
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