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Despite the price reduction, demand is still down.
With new home listings falling 15% annually, sellers are reluctant to list their homes as they have begun to see prices come down.
Home prices increased at their slowest pace since June 2020, rising 7.7%
Redfin says a number of metrics that reflect a cooling market are now leveling off.
In dollar terms, home investing up over 10% year over year.
About 16% of home-purchase agreements called off in July, highest rate in 2 years.
