A record share of home sellers cut their listing prices in February as competition for homebuyers necessitated steep price reductions, according to an April 9 report by real estate platform Redfin.
About 34.2 percent of sellers reduced their listing prices in February, up from 31.5 percent in the same month a year earlier, according to Redfin’s analysis of multiple listing service data. That was the highest February share since the firm began tracking multiple listing service records in 2012.
