A report recently published by Zillow revealed that in this last month of the year, many home sellers in the United States are offering discounts on property prices as expectations adjust for both buyers and sellers.

In this regard, Kara Ng, senior economist at Zillow, commented that “most homeowners have seen the value of their skyrocket homes in recent years, giving them the flexibility "It's about cutting one or two prices and, at the same time, making a profit," she said. According to The report, the number of properties with price reductions is only 26.9% of all properties in the US, and those receiving the most discounts are the ones that have taken the longest to sell. For the specialist, "these discounts are generating more properties that fit buyers' budgets and contributing to the most active real estate market in three years. Patient buyers are reaping the rewards as the market continues to rebalance," she emphasized. The Zillow analysis also detailed that the metropolitan areas with the largest discounts are in real estate markets that were previously considered unaffordable, such as San Jose, Los Angeles, San Francisco, and San Diego. While in Oklahoma City, Louisville, St. Louis, Indianapolis, and Detroit, sellers haven't been very flexible with home prices. On the other hand, as sellers lower prices, builders follow suit, narrowing the price gap between a new-build home and an existing home. “Builders have a good amount of inventory of properties in specification that they are trying to sell now that the market is slowing down, both seasonally and in terms of price and sales growth,” said Joel Berner, senior economist at Realtor.com.