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Some Sun Belt housing markets show sellers listing below purchase price

In certain Sun Belt areas, nearly 1 in 5 sellers is asking for less than what they paid, highlighting pressure on pricing in those local markets.

Reported · Written up by our desk · Residential

MarketWatch reports that several housing markets, particularly in the Sun Belt, are seeing a noticeable share of sellers reduce their asking price relative to their original purchase price.

According to the report, in some of those areas, nearly 1 in 5 sellers is listing homes for less than what they paid, suggesting weakening price recovery for a subset of homeowners in those markets.

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