1 in 5 Listings Offer Savings: Highlight Buydown Benefits

Mortgage rates surpassed 7% in September, causing over 20% of home sellers to reduce listing prices, while less than 6% delisted their homes. Inventory rose 5.4% year-over-year to over 1.16 million homes. The median listing price dropped 1.2% from August and 1.4% from last year but remains 34% higher than in 2019. Higher rates limit buyer affordability despite increased inventory and price adjustments.