Redfin Reports 46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That Month
Redfin, a subsidiary of Rocket Companies, reported that 46.2% of U.S. home sellers offered concessions to buyers in May, marking the highest share for that month on record. The trend reflects a buyer's market characterized by 47% more sellers than buyers, with concession rates peaking in Nashville at 75.5%.
Key figures
- Sellers vs buyers surplus
- 47% more home sellers than buyers
AI analysis
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