{"id":3,"date":"2026-10-14T14:00:00","date_gmt":"2026-10-14T14:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/patriciararndtrealestate-com\/2026\/10\/14\/price-cuts-hit-1-in-5-listings\/"},"modified":"2026-10-14T14:00:00","modified_gmt":"2026-10-14T14:00:00","slug":"price-cuts-hit-1-in-5-listings","status":"publish","type":"post","link":"https:\/\/www.patriciararndtrealestate.com\/blog\/2026\/10\/14\/price-cuts-hit-1-in-5-listings\/","title":{"rendered":"Price Cuts Hit 1 in 5 Listings"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/patty-arndt\/price-cuts-listings-remotion-videos-2b94\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>With nearly four decades in real estate, I&#039;ve witnessed firsthand how market shifts play out for both buyers and sellers. Recently, in late Q3, about 1 in 5 listings saw price cuts\u2014a sign that many sellers opted to remain in the market and adjust their expectations rather than delist, which happened to under 6% of listings nationwide. Mortgage rates also climbed, with the conforming 30-year fixed moving from the high-6% range to above 7% and rising further by mid-month. As a result, active home inventory grew beyond 1.16 million, and the median listing price edged down about 1% month-over-month to $419,300. This gave buyers a bit more room for negotiation, though higher borrowing costs kept many from fully taking advantage. New listings also slipped by around 2% month-over-month to roughly 395,000. Economists are watching closely as we head into early Q4, tracking whether these tougher conditions will lead to deeper discounts, repeated price cuts, or longer selling times. As someone who guides clients through every phase of buying and selling in Central Virginia, I keep a close eye on these trends to help you navigate your next move with confidence.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With nearly four decades in real estate, I&#039;ve witnessed firsthand how market shifts play out for both buyers and sellers. Recently, in late Q3, about 1 in 5 listings saw price cuts\u2014a sign that many sellers opted to remain in the market and adjust their expectations rather than delist, which happened to under 6% of [&hellip;]<\/p>\n","protected":false},"author":606,"featured_media":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/3","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/users\/606"}],"replies":[{"embeddable":true,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=3"}],"version-history":[{"count":0,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/3\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/media\/4"}],"wp:attachment":[{"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=3"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=3"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.patriciararndtrealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=3"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}