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U.S. Home Sellers Cut Asking Prices at Record February Pace

U.S. Home Sellers Cut Asking Prices at Record February Pace

The share of sellers lowering list prices reached 34.2% in February, marking the highest February level since 2012, according to the source text.

Fact Check
The claim is directly supported by Redfin’s own published materials. Both fetched Redfin pages titled "A Record 34% of February Home Sellers Cut Their List Price" state that more than one-third (34.2%) of February home sellers lowered their list price and that this was the highest February share in records dating back to 2012. That matches the user’s statement essentially verbatim. The Business Wire result is consistent as additional corroboration, though it was not directly validated by fetch.
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Summary

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Terms & Concepts
  • List price: The asking price a seller sets when a property is first offered on the market.
  • Price cut: A reduction in the listed sale price, typically used when demand is weaker than sellers expected.
  • Record high: The highest level observed in a dataset over the period tracked.