Nearly 1 in 5 American homes slash prices as buyers gain upper hand in shifting market

Nearly one in five American homes listed for sale reportedly saw a price cut in September, as rising inventory shifted more power to buyers.The number of listings with price cuts reached 19.9%, unchanged from August but up modestly from last year. Homes priced between $350,000 and $500,000 saw the steepest markdowns at 21.6%, while luxury properties over $1 million were less likely to see reductions, at just 13.3%, according to a Thursday report from Realtor.com.FROM AMERICA'S ‘WORST MARKET’ TO WEALTH HAVEN: FLORIDA REAL ESTATE SPLIT SHOWS SIGNS OF LIFE"What we’ve uncovered is that price reduc