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Sellers Losing Ground in the US Housing Market

The US housing market is turning in buyers' favor, with sellers cutting prices and offering incentives to close deals, a sharp reversal from the early part of this decade when homes often sold well above their asking prices. Liz Suder listed her Texas home at $750,000 in April 2025, and after more than a year and several price cuts, a buyer agreed to pay $650,000, with Suder contributing $9,000 toward repairs. The average 30-year mortgage rate rose from below 6% in February to 7.4% this month, its highest in nearly three years. According to Realtor.com, the median sale price in September fell 1.2% from a year earlier to over $419,200, the 11th straight monthly decline, and about 21% of listings had been cut from their original price. Redfin data show sellers in the 50 largest US metro areas outnumbered buyers by about 63% last month, with buyers at their lowest since 2013.

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Original headline: Người bán nhà tại Mỹ dần yếu thế

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