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Redfin: 71% of Seattle’s home sellers gave concessions

Redfin: 71% of Seattle's home sellers gave concessions

Redfin just published an article that says…

… “In Seattle, 71% of sellers are giving concessions–the highest rate among the metros Redfin analyzed and nearly double the share from a year ago. “

…”A concession is recorded when an agent reports a seller provided something that helped reduce the buyer’s total cost of purchasing the home. That could include money toward repairs, closing costs and/or mortgage-rate buydowns. It does not include situations in which the seller lowered the list price of their home or lowered the price due to a negotiation with a buyer. “

Is this Inline with what you may be seeing in the local RE market?

submitted by /u/TheSmariner
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