Retailers aren’t the only ones offering huge discounts for Black Friday. A Nov. 24 press release from Zillow indicates that the average home listing experienced record-breaking cumulative discounts of up to $25,000 in October.
While typical price cuts are closer to $10,000, multiple reductions are starting to become the norm as homes are sitting longer on the market, according to the release. Many sellers are more agreeable to negotiating for a more timely sale while still reaping desirable profits.
