U.S. Sellers Adjust Prices for Autumn

Nationwide, median listing price per sq-ft fell ~2% yearly in Mid-Q3, extending a 10-mo run of annual declines as sellers adjusted expectations.
Improved conditions reached homebuyers nationwide as property owners trimmed asking prices heading into fall after years of unusually rapid valuation growth recently.
Higher mortgage costs and economic uncertainty led many prospective buyers to move more cautiously, spending extra time weighing financing choices and home values.
Real Estate professionals said sellers became more willing to cut prices to secure qualified deals before a typical winter slowdown reduced seasonal momentum.
For pre-approved buyers, expanding housing supply created a strategic opening to compare homes, negotiate favorable terms, and revisit markets that had felt out of reach.