Nearly one in five homes saw a price reduction in September, as rising inventory gives buyers more negotiating power, according to the Realtor.com September Monthly Housing Trends report. Sellers of homes at the lower- and mid-tier are the most likely to adjust their asking price, while luxury home prices remain largely untouched, with reductions least common at the top of the market.

“September’s trends show a housing market increasingly tilting in buyers’ favor, with a rising inventory of homes for sale, longer days on market and more competitive pricing,” said Danielle Hale, chief economist at Realtor.com ® . “At the same time, a Realtor.com ® analysis of seasonal trends shows the week of October 12–18 offers a particularly good window for buyers. While market power varies

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