August Home Prices Fell at the Fastest Rate in Six Years
Pro Builder
SEPTEMBER 1, 2022
After soaring to a peak high of $450,000 in June, home prices are finally beginning to fall, giving long-delayed homebuyers an upper hand when it comes to negotiation in a cooling seller’s market. After years of demand vastly outstripping supply—forcing buyers who wanted to find a home to bid up prices—supply has increased.
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