Fewer home sellers have cut down their home’s listing prices as buyers rushed out to beat the increasing rates of interest and expiring tax credit.

As of the New Year, prices on 21% of homes were cut down at least once, 22% lower from the past month and 25.6% lower from two months ago. The amount of sellers lowering their asking price has gone down to extreme lows since last year while the average discount in homes with price reductions remained unchanged at 11% from the original prices.

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