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3 weeks ago

Record decline in home asking prices offers buyers an affordability boost

Home listing prices are declining at the fastest pace in at least nine years as sellers adjust to a slower market and look to attract buyers.The national median asking price fell 2.5% in June compared with a year ago, declining to $430,000 based on the latest data from the Realtor.com monthly housing market trends report.June marked the eighth consecutive month of price decreases, and the 2.5% asking price drop was the deepest annual decline in the history of the data set, which dates back to 2017."Sellers are reading market conditions and are pricing accordingly from the start rather than lis...