The Housing Market Is Selling At A Discount

The Typical U.S. Home Is Selling For .03% Less Than List Price with 37.6% of the homes on the market have taken a price cut. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical home sold for exactly its list price one year ago, and roughly 2% above its list price two years ago. Should you buy now or wait?

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Jeb Smith (huntington beach Realtor/orange county real estate)
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