Redfin: 46.2% of US home sellers offer buyer concessions in May, record for month

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Rocket Companies-backed Redfin data showed sellers granted buyer concessions in 46.2% of U.S. home sales in May, a record for the month.
Report tied the shift to a buyer-leaning market, citing 47% more sellers than buyers amid still-high mortgage rates and prices.
Nashville logged the highest concessions rate at 75.5%, signaling intensifying competition in several Sun Belt markets.
New York had the lowest concessions share at 2.9%, reflecting tighter conditions in markets tilting toward sellers.
Sales with both a concession and a price drop rose to 15.7% in May, also a record for the month.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202606221137BIZWIRE_USPR_____20260622_BW130355) on June 22, 2026, and is solely responsible for the information contained therein.

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