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Here are the top 10 U.S. cities that had the highest share of sellers who dropped their asking prices in July as more buyers backed out of the market.
Sellers drop house prices in former pandemic boomtowns, teachers go on strike in Ohio's largest school district, and more
Cities that saw soaring home prices during the COVID-19 pandemic are now falling back to earth, as sellers are forced to shed their 'unrealistic expectations' about the prices they can ask.
Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin.