BiggerPockets Daily Price Cuts Deepen as Market Moves Further Into Buyer's Market Territory
Oct 27, 2025
In August, nearly one in six sellers cut their prices, with homes selling around 4% below list prices—the steepest drop since 2019. Inventory is rising while demand cools, leaving sellers struggling to adapt to market shifts. Single-family homes are particularly affected, with major price reductions noted in cities like Denver and Indianapolis. Coastal markets like San Francisco are less impacted. Buyers are encouraged to leverage listings that linger on the market for better negotiations, while sellers are advised to price realistically and exercise patience.
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Market Power Shifts To Buyers
- In August, 16.7% of U.S. sellers cut their asking price and homes sold about 3.8% below list.
- That shift reflects a national move into buyer's market territory as sellers outnumber buyers by over half a million.
Price Realistically And Avoid Waiting Too Long
- Sellers should set realistic expectations and price appropriately from the start to avoid signaling weakness.
- Be patient but know that longer time on market usually forces discounted offers or pulling the listing.
Inventory Up But Buyers Still Hesitant
- Rising inventory and high mortgage costs have reduced buyer demand, producing more competition among sellers.
- Prices haven't plunged dramatically because many buyers remain sidelined by affordability and economic uncertainty.