Share of US Homes Selling Above Asking Price Declines to 2020 Level

With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.

A sign at a property in Washington on May 19, 2025. Madalina Vasiliu/The Epoch Times

The share of homes sold above their listing price was at 28.5 percent for the four weeks ending June 8, down from 32 percent a year back, real estate brokerage Redfin said in a June 12 statement.

The 28.5 percent share is the “lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt,” the company said.