Homebuyers haven’t had this much leverage in 13 years. Here’s where price cuts are appearing and who benefits most

After years of high prices and bidding wars, homebuyers are finally starting to see a shift in the housing market. In 2025, homebuyers were able to negotiate prices down more than at any other point in the past 13 years, according to new Redfin data (1). As demand cools, homes are increasingly selling below list price. In certain markets, inventory is rising. And some sellers are starting to adjust expectations after years of rapid price growth. Must Read That shift follows a dramatic run-up in demand ...