{"id":31,"date":"2026-10-01T14:00:00","date_gmt":"2026-10-01T14:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/janinehomesales-com\/2026\/10\/01\/price-reductions-hit-20-4-of-active-listings\/"},"modified":"2026-10-01T14:00:00","modified_gmt":"2026-10-01T14:00:00","slug":"price-reductions-hit-20-4-of-active-listings","status":"publish","type":"post","link":"https:\/\/www.janinehomesales.com\/blog\/2026\/10\/01\/price-reductions-hit-20-4-of-active-listings\/","title":{"rendered":"Price Reductions Hit 20.4% of Active Listings"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/janine-brissie\/mortgage-rates-sales-remotion-videos-aa54\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>We\u2019re seeing an interesting shift in the real estate landscape this Mid-Q3. Nationally, homes going under contract slipped by less than 1%\u2014marking the first dip after eight consecutive months of gains. Higher borrowing costs are certainly at play, with the average 30-year fixed mortgage peaking near 6.7% and holding steady, more than 20 basis points above where we started Early-Q3.<\/p>\n<p>Despite the softer demand, the market isn\u2019t standing still. The national median list price has settled at $424,500, active listings are up about 4%, and new listings are just slightly down. Sellers, for the most part, are staying the course\u2014delistings are actually down nearly 13%. This slower pace is giving buyers a bit more breathing room and leverage, while strategic pricing remains key for sellers to reach the finish line.<\/p>\n<p>As someone who\u2019s navigated hundreds of transactions and guided clients through changing markets, I see the big takeaway: steadier mortgage rates may be just as important as lower ones in the months ahead. If rates hover around 6.7%, we could see even more price adjustments or listings being pulled. Whether you\u2019re buying or selling, a thoughtful, informed approach is more valuable than ever. My background in education and counseling reminds me that patience and clear guidance help everyone make the best move for their situation.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re seeing an interesting shift in the real estate landscape this Mid-Q3. Nationally, homes going under contract slipped by less than 1%\u2014marking the first dip after eight consecutive months of gains. Higher borrowing costs are certainly at play, with the average 30-year fixed mortgage peaking near 6.7% and holding steady, more than 20 basis points [&hellip;]<\/p>\n","protected":false},"author":468,"featured_media":32,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/users\/468"}],"replies":[{"embeddable":true,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":0,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/media\/32"}],"wp:attachment":[{"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/media?parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/categories?post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.janinehomesales.com\/blog\/wp-json\/wp\/v2\/tags?post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}