There are more price cuts now than a year ago in over two-thirds of the nation's largest metros, with West Coast markets reporting the greatest increase
- About 14 percent of all listings across the U.S. had a price cut in June 2018, up from a recent low of 11.7 percent near the end of 2016.
- In San Diego, 20 percent of listings had a price cut in June, up from 12 percent a year ago.
- Home value growth is slowing in almost half of the 35 largest U.S. metros, with Sacramento and Seattle reporting the greatest slowdown since the beginning of the year.
- U.S. home values rose 8.3 percent over the past year, and Zillow expects home value growth to slow to a 6.6 percent appreciation rate by this time next year.
PR Newswire
SEATTLE, Aug. 16, 2018
