Timing · Home sales and listings
Price drops
The share of active listings that cut their asking price during the period.
Price drops measure how many listed homes reduced their asking price in a period, usually as a share of active inventory. It captures seller capitulation directly, before any of it reaches closed-sale prices.
It is seasonal — reductions cluster as listings age through late summer — so year-over-year comparison is far more informative than month-over-month. Read alongside the sale-to-list ratio, it distinguishes a market where sellers are mispricing from one where buyers have genuinely stepped back.
Also known as: price reductions, price cuts.
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Price drops — FAQ
What is price drops in housing market data?+
The share of active listings that cut their asking price during the period. Price drops measure how many listed homes reduced their asking price in a period, usually as a share of active inventory. It captures seller capitulation directly, before any of it reaches closed-sale prices.
Why does price drops matter?+
It is seasonal — reductions cluster as listings age through late summer — so year-over-year comparison is far more informative than month-over-month. Read alongside the sale-to-list ratio, it distinguishes a market where sellers are mispricing from one where buyers have genuinely stepped back.
Where does this housing market data come from?+
Sales, listing and inventory figures come from Redfin's public housing-market dataset, which is compiled from multiple listing services. Coverage is limited to the metros and counties Redfin reports. pumsdata is independent and not affiliated with Redfin.