Sunday, 25 September 2022 | The Latest Buzz for the Appraisal Industry

Home Sellers Increasingly Resort to Price Drops in Migration Destinations, Redfin Finds

Price drops are becoming increasingly common, particularly in hot migration destinations, according to a new report from Redfin. In Boise, Idaho, where home prices are up 62% in the past two years, 41% of home-sellers dropped their price in April, the largest share among the 108 metropolitan divisions included in Redfin’s analysis. That’s up from 10% a year ago. Cape Coral (Fla.) at 33%, New Orleans (La.) at 32%, Baton Rouge (La.) at 31%

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