{"id":6685,"date":"2026-09-24T10:47:58","date_gmt":"2026-09-24T10:47:58","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2026\/09\/24\/why-so-many-sellers-are-cutting-their-price-right-now\/"},"modified":"2026-09-24T10:47:58","modified_gmt":"2026-09-24T10:47:58","slug":"why-so-many-sellers-are-cutting-their-price-right-now","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2026\/09\/24\/why-so-many-sellers-are-cutting-their-price-right-now\/","title":{"rendered":"Why So Many Sellers Are Cutting Their Price Right Now"},"content":{"rendered":"\n

$\"Why$ \n

Price cuts are turning up everywhere right now, and they read very differently depending on which side of the deal you\u2019re on.<\/p>\n

Sellers<\/a> tend to worry a cut means walking away with less than they hoped. Sometimes that\u2019s true, but more often it just means the market moved faster than the listing did.<\/p>\n

Buyers<\/a>, for their part, often assume a cut means something\u2019s wrong with the house. Most of the time, that\u2019s not it.<\/p>\n

This is what\u2019s actually driving all those price cuts, and why it matters no matter which side of the deal you\u2019re on.<\/p>\n

42% of Homes for Sale Are Now Carrying a Price Cut<\/strong><\/h4>\nAccording to HousingWire Data<\/em>, the share of sellers cutting<\/a> their asking price has climbed every month for 7 straight months<\/a> (see chart below<\/em>):<\/p>\n
$\"a$ \u00a0<\/p>\n
Today, more than 4 in 10 active listings have had at least 1 price cut, and the typical seller is cutting about $17,560 off their original number.<\/strong>\u00a0<\/p>\n
Here\u2019s why that\u2019s happening. With rates still elevated<\/a> and more homes<\/a> to choose from, buyers can afford to wait for the right number. So, sellers who don\u2019t start there often end up adjusting anyway.<\/p>\n
What does that mean for you?<\/p>\n
\n
\n
If you\u2019re selling, <\/strong>this isn\u2019t a red flag. But it is a sign that pricing it right from day 1 is your best bet. Just know that the market\u2019s been shifting fast enough this year that sometimes even a well-priced house can fall behind within a matter of weeks. If that happens to you, dropping your price to catch up to where pricing actually stands today tends to bring in more buyers and helps you sell closer to true market value.<\/p>\n<\/li>\n
\n
If you\u2019re buying,<\/strong> it\u2019s easy to assume a price cut means something\u2019s wrong with the house. But with cuts happening on more than 4 in 10 homes right now, the reality is sellers are just catching up to where the market already is. And with affordability still tight, that\u2019s exactly the kind of opening you need to get a better deal.<\/p>\n<\/li>\n<\/ul>\n
Why Sellers Are Adjusting Faster than Before<\/strong><\/h4>\nHousingWire Data<\/em> also shows list prices are trending down nationally. That\u2019s often a sign sellers are pricing more realistically from the start instead of listing high and getting stuck cutting later. List prices have fallen about $26,000<\/a> from last year\u2019s peak.<\/p>\n
Some of that decline is seasonal, since list prices typically soften each winter before rebounding in the spring. So, expect asking prices to keep drifting a little lower before turning back around (see chart below<\/em>):<\/p>\n
$\"a$ \u00a0<\/p>\n
Jake Krimmel, Senior Economist at Realtor.com<\/em>, explains:\u00a0<\/p>\n
\n
\u201cThat is good news for buyers, who are seeing lower asking prices and more room to negotiate, but it is also good news for sellers: Pricing to today\u2019s demand is helping homes move and keeping more transactions alive in a high-rate environment.\u201d<\/em><\/p>\n<\/blockquote>\n
Translation \u2013 with rates still elevated, buyers can only stretch so far. Sellers who meet them where they are instead of holding out for unrealistic prices are the ones actually getting to closing. And doing that up front is always better than chasing the market later.<\/p>\n
Buyers, You\u2019ve Got Room To Negotiate Again<\/strong><\/h4>\n
At the same time, Redfin<\/em> data shows sellers now outnumber buyers by about 58%, the widest gap on record (see chart below<\/em>):<\/p>\n
$\"a$ \u00a0<\/p>\n
That changes the power dynamics of the market \u2013 and impacts how homeowners should price their house. Nationally, about 7 in 10 markets now favor buyers or are trending that way.<\/p>\n
\n
\n
For sellers<\/strong>, that means standing out matters as much as pricing. With more homes to choose from, buyers are comparing you directly against the competition. So, a little flexibility, like covering closing costs or being open on timing, can be what gets your house picked over another.<\/p>\n<\/li>\n
\n
For buyers<\/strong>, it means more room to ask for a lower price, help with closing costs, repairs after inspection, or some combination of all 3. That\u2019s especially true for homes that have already sat for weeks, where sellers are often the most willing to talk.<\/p>\n<\/li>\n<\/ul>\n
Bottom Line<\/h3>\n
Price cuts are a normal part of today\u2019s housing market, and both buyers and sellers can use them to their advantage. Connect with a local real estate agent to look at what\u2019s actually happening with prices in your neighborhood, so you know exactly where you stand before you list or make an offer.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Price cuts are turning up everywhere right now, and they read very differently depending on which side of the deal you\u2019re on. Sellers tend to worry a cut means walking away with less than they hoped. Sometimes that\u2019s true, but more often it just means the market moved faster than the listing did. Buyers, for […]<\/p>\n","protected":false},"author":1,"featured_media":6686,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-6685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t