Price reductions on home listings are declining nationally, now at 16.7%, down from 17.9% a year ago, indicating prices are stabilizing. However, some markets like Phoenix (29%), Tampa (25%), San Antonio (25%), Denver (24%), and Portland (24%) still see frequent cuts. Sellers are adjusting prices upfront, leading to shorter market times. Factors like high interest rates, inflation fears, and regional conditions affect sales, especially in Phoenix and Tampa. Buyers should act soon as opportunities lessen.
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