One in five homes seeing a price cut sounds like an invitation for buyers to start throwing out low offers, but the numbers require more context. Redfin’s latest U.S. housing data shows 19.5% of homes had price drops in August 2026, up from 18% a year earlier.
Redfin also reports that the average home sold for 98.5% of its list price, suggesting many buyers are negotiating without scoring enormous discounts. The better question, then, is not whether to offer below asking, but how far below asking makes sense for a particular property.
