‘Bargaining power is back’: The housing market is finally becoming more buyer-friendly — as sellers cut prices and make repairs

More good news for home buyers: A new survey from Realtor.com found that sellers are offering more concessions to lure buyers into signing contracts.

The survey, which dubbed that ‘bargaining power is back’, looked at 3,001 responses, including 449 from those who sold their home within the last 12 months. According to Realtor.com, 92% of home sellers who sold within the last year had accepted some buyer-friendly terms. 41% had accepted some contingencies in the contract.

— George Ratiu, manager of economic research at Realtor.com “The overheated housing market of the past two years, which predominantly favored sellers, is beginning to regain a sense of normalcy,” George Ratiu, manager of economic research at Realtor.com, said in a statement.

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