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A Record Share of Home Sellers Are Giving Concessions to Buyers

42% of home sales in the fourth quarter were accompanied by concessions, up from 31% a year earlier.

According to Redfin, home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, which date back to July 2020. That’s up from just over 30% in both the previous quarter and the fourth quarter of 2021, and outpaces the prior 40.8% high from the three months ending July 2020, when the housing market nearly ground to a halt due to the onset of the coronavirus pandemic.

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