Skip to content

Topic

Home seller concessions

Incentives sellers give buyers in a home sale, such as mortgage rate buy-downs, repair credits or closing-cost payments, which lower the effective price without changing the recorded sale price.

Current clusters

invest1 publisher

Redfin's record seller surplus lifts US home concessions to 44.7% of sales

Redfin counted 58% more US home sellers than buyers in August, its widest gap on record, with concessions in 44.7% of sales. Whether buyers are actually paying less depends on how large those concessions have become, because the median sale price still rose about 2% over the year.

Publishers:fortune.com

Reality

Evidence55
Adoption
Insufficient
Hype gap+25
Incentives50
Confidence50