According to Reventure Consulting, ~25% of sellers reduced the price of their homes in October.

This is significantly higher than last year (~17% at this time) and than in 2021 (~8%).

However, home prices are down only ~6% from their all-time high.

Even with historically low inventory levels, 25% of sellers are cutting prices.

This is another evidence of how weak the demand for housing is now from buyers.

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