Sellers slashed home prices in September 2026 in response to rising mortgage rates, prompting potential homebuyers to emerge from the sidelines. According to the latest Realtor.com monthly housing market trends report, the share of listings with price cuts exceeded 2025 levels for the first time in 2026, reaching 20.8%, up 0.9 percentage points year over year. This surge in price cuts aligns with broader housing market shifts, such as accelerating inventory growth and decreasing pending home sales. “Demand rarely picks up much this time of year regardless, but the rate environment…
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Existing home sales 1.2% lower than last year
On a year-over-year basis, existing home sales saw a slight decrease, only 1.2% lower than in 2025. However, on a month-over-month basis, existing home sales fell for the third consecutive month as a result of both elevated home prices and mortgage rates. Homes stayed on the market for a median of 31 days in August 2026, up from 29 days in the previous month but unchanged from August 2025. Last month, existing home sales decreased across the four major regions: Sales in the Northeast decreased 4.0%, in the Midwest 3.1%…
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