Over 1/3 of Home Sellers Lowered List Price in February

Seattle, WA, April 10, 2026-More than one-third (34.2%) of February home sellers lowered their list price. That’s up from 31.5% a year earlier and represents the highest February share in records dating back to 2012, reports Redfin.

February home sellers who lowered their list price cut it by an average of $40,915, or 7.3%-the highest February percentage since 2023.

Among all February home sellers (not just those who reduced their price), the average price cut was $13,463, or 2.4%-the highest February percentage on record.