Redfin Housing Market Update Shows Higher Costs and More Seller Price Cuts

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For loan officers, the message is practical: fewer casual buyers may be shopping, but the buyers who remain can have more room to negotiate.

Redfin’s latest housing market update says high homebuying costs are pushing some would-be buyers to the sidelines, while giving more leverage to the buyers who are still active. The Redfin News report was published September 10, 2026, and covers the four weeks ending September 6.

The report matters for mortgage professionals because buyer conversations are getting more nuanced. Affordability pressure is still real, but Redfin also reported that 21% of home sellers are dropping their price, which can create openings for borrowers who are qualified, patient, and ready to negotiate.

Key takeaways

• Redfin said homebuying costs are at their highest level in more than a year for the four weeks ending September 6.
• The report says 21% of home sellers are dropping their price.
• Redfin agents said realistic pricing from the start is the key to finding a buyer.
• High costs are sidelining some would-be buyers, which may give the buyers still in the market more negotiating power.

Sources

• Redfin News — High Costs Sideline Some Would-Be Homebuyers, Handing Upper Hand to Those Who Stay in the Market

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