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 .

"What we’ve uncovered is that price reductions are more common at the lower end of the market, while higher-priced sellers are more likely to hold firm," Jake Krimmel, senior economist at Realtor.com, told FOX Business. "That helps explain why median prices nationally and in many [metropolitan areas] look steady even as

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