{"id":74665,"date":"2022-07-14T05:00:10","date_gmt":"2022-07-14T12:00:10","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=74665"},"modified":"2022-07-15T10:31:56","modified_gmt":"2022-07-15T17:31:56","slug":"price-drops-cooling-market-june-2022","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/","title":{"rendered":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market"},"content":{"rendered":"

Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.<\/h2>\n

Price drops have become a common feature of the cooling housing market<\/a>, particularly in places that were popular with homebuyers earlier in the pandemic.\u00a0<\/p>\n

Nearly two-thirds (61.5%) of homes for sale in Boise, ID<\/a> had a price drop in June, the highest share of the 97 metros in this analysis. Next came Denver<\/a> (55.1%) and Salt Lake City<\/a> (51.6%), each metros where more than half of for-sale homes had a price drop.\u00a0<\/p>\n

They were followed by Tacoma, WA<\/a> (49.5%), Grand Rapids, MI<\/a> (49.3%) and Sacramento<\/a> (48.7%). Seattle<\/a> (46.3%), Portland, OR<\/a> (45.7%), Tampa, FL<\/a> (44.5%) and Indianapolis<\/a> (44.1%)–all of which saw price cuts for nearly half the for-sale homes\u2013round out the top 10.\u00a0<\/p>\n

Boise<\/a> also had the biggest increase <\/i>in the share of listings with price drops from a year earlier, when 25.7% of sellers cut their price. Denver<\/a>, Salt Lake City<\/a> and Grand Rapids<\/a> were also among the 10 metros with the biggest upticks from a year earlier.\u00a0<\/p>\n

More than half of those metros\u2013Boise<\/a>, Denver<\/a>, Tacoma<\/a>, Sacramento<\/a>, Seattle<\/a> and Portland<\/a>\u2013are among the 20 fastest-cooling housing markets in the country, according to a recent Redfin report<\/a>.\u00a0<\/p>\n

Boise<\/a>, Salt Lake City<\/a>, Sacramento<\/a> and Tampa<\/a> were popular during the pandemic with homebuyers moving in from pricey coastal job centers, taking advantage of low mortgage rates and remote work. Their popularity led to heated competition for a limited supply of homes for sale, pushing up prices and making them unaffordable for many buyers. In Boise<\/a>, for instance, the typical home sold for $550,000 in May, up more than 60% from two years earlier. Home prices increased 44% to $610,000 in Sacramento<\/a>. Mortgage rates nearly doubling to almost 6%<\/a> in the first half of 2022 priced even more buyers out.\u00a0\u00a0<\/p>\n

\u201cHome sellers are contending with a rapidly changing market, especially in places where they\u2019re used to their neighbor\u2019s homes getting multiple offers and selling for more than asking price,\u201d said Redfin Senior Economist Sheharyar Bokhari<\/a>. \u201cHigher mortgage rates and a potential recession are causing prospective buyers in popular migration destinations to press the pause button, and they\u2019re also having a big impact on workers in big job centers who rely on their stock portfolio for down payments. In places like Denver<\/a>, Seattle<\/a> and Portland<\/a>, some buyers feel less confident about their finances in the face of a shaky economy<\/a> and faltering stock market<\/a>. Sellers are adjusting their expectations in real time as they realize they may not get the price their neighbor got two months ago.\u201d<\/p>\n

\u201cIf demand plateaus in the coming months, price cuts are likely to be less common as sellers realize the market has shifted and price realistically from the start,\u201d Bokhari continued. \u201cBut if demand falls further, sellers will continue to play catch-up and cut prices to attract buyers.\u201d<\/p>\n

Redfin economists and agents advise prospective sellers to list their home sooner rather than later<\/a>, as price growth will likely slow as the year goes on. Another tip is to price homes slightly lower than comparable homes in the neighborhood to drum up interest from potential buyers and avoid price drops.\u00a0<\/p>\n

\u201cToday\u2019s sellers feel they\u2019ve missed out on the hot sellers\u2019 market and in some ways they have. They\u2019re probably not going to get multiple offers and sell their home way over asking price, but\u00a0 we can still sell a home for a fair price,\u201d said Denver<\/a> Redfin agent Andy Potarf<\/a>. \u201cOne recent listing sold for under asking price with one offer, and I just dropped the price on another that would have sold within hours a few months ago. My advice to prospective sellers is to list their home slightly lower than they think they should and be patient.\u201d<\/p>\n

Over 25% of home sellers dropped their price in three-quarters of U.S. metros in June<\/h3>\n

More than three-quarters of the metros in this analysis saw over 25% of home sellers drop their asking price in June. More than 10% of home sellers dropped their price in all of the metros.\u00a0<\/p>\n

In El Paso, TX<\/a>, 13.3% of home sellers dropped their asking price, a smaller share than any other metro. Newark, NJ<\/a> (14.1%), Honolulu<\/a> (16.8%), Milwaukee<\/a> (17.4%) and New Brunswick, NJ<\/a> (17.8%) come next. New Haven, CT<\/a> (17.9%), McAllen, TX<\/a> (18.1%), Elgin, IL<\/a> (18.5%), Chicago<\/a> (18.8%) and Miami<\/a> (18.8%) round out the top 10. The relatively small share of price drops is likely largely because homes in most of those metros are affordable: In six of the 10, the typical home costs less<\/a> than the national median.\u00a0<\/p>\n

The share of homes with a price drop rose from a year earlier in all but four metros, three of which are in Illinois. The share declined in Elgin, IL<\/a>, Lake County, IL<\/a>, Chicago<\/a> and Fresno, CA<\/a>.<\/p>\n

Share of homes for sale with a price drop in June 2022<\/h3>\n

97 most populous U.S. metro areas<\/i>
\nSorted by share of for-sale listings with a price drop in June 2022<\/i>
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
U.S. metro area<\/b><\/th>Share of homes for sale with a price drop in June 2022<\/b><\/th>Share of homes for sale with a price drop in June 2021<\/b><\/th>\n<\/tr>\n<\/thead>\n
Boise, ID<\/a><\/td>61.5%<\/td>25.7%<\/td>\n<\/tr>\n
Denver, CO<\/a><\/td>55.1%<\/td>31.7%<\/td>\n<\/tr>\n
Salt Lake City, UT<\/a><\/td>51.6%<\/td>22.8%<\/td>\n<\/tr>\n
Tacoma, WA<\/a><\/td>49.5%<\/td>32.0%<\/td>\n<\/tr>\n
Grand Rapids, MI<\/a><\/td>49.3%<\/td>22.5%<\/td>\n<\/tr>\n
Sacramento, CA<\/a><\/td>48.7%<\/td>26.5%<\/td>\n<\/tr>\n
Seattle, WA<\/a><\/td>46.3%<\/td>25.8%<\/td>\n<\/tr>\n
Portland, OR<\/a><\/td>45.7%<\/td>27.9%<\/td>\n<\/tr>\n
Tampa, FL<\/a><\/td>44.5%<\/td>28.6%<\/td>\n<\/tr>\n
Indianapolis, IN<\/a><\/td>44.1%<\/td>32.5%<\/td>\n<\/tr>\n
Phoenix, AZ<\/a><\/td>43.6%<\/td>16.5%<\/td>\n<\/tr>\n
San Diego, CA<\/a><\/td>43.3%<\/td>21.0%<\/td>\n<\/tr>\n
Stockton, CA<\/a><\/td>42.9%<\/td>19.8%<\/td>\n<\/tr>\n
Austin, TX<\/a><\/td>41.6%<\/td>14.9%<\/td>\n<\/tr>\n
Cape Coral, FL<\/a><\/td>41.2%<\/td>21.5%<\/td>\n<\/tr>\n
North Port, FL<\/a><\/td>41.1%<\/td>25.6%<\/td>\n<\/tr>\n
New Orleans, LA<\/a><\/td>40.7%<\/td>25.6%<\/td>\n<\/tr>\n
Jacksonville, FL<\/a><\/td>40.1%<\/td>15.0%<\/td>\n<\/tr>\n
Philadelphia, PA<\/a><\/td>38.7%<\/td>30.3%<\/td>\n<\/tr>\n
Anaheim, CA<\/a><\/td>38.7%<\/td>12.6%<\/td>\n<\/tr>\n
Oakland, CA<\/a><\/td>38.5%<\/td>16.4%<\/td>\n<\/tr>\n
San Jose, CA<\/a><\/td>38.2%<\/td>17.3%<\/td>\n<\/tr>\n
Houston, TX<\/a><\/td>38.0%<\/td>25.2%<\/td>\n<\/tr>\n
Las Vegas, NV<\/a><\/td>37.7%<\/td>14.6%<\/td>\n<\/tr>\n
San Antonio, TX<\/a><\/td>37.5%<\/td>20.2%<\/td>\n<\/tr>\n
Dallas, TX<\/a><\/td>37.4%<\/td>16.4%<\/td>\n<\/tr>\n
Colorado Springs, CO<\/a><\/td>37.0%<\/td>18.7%<\/td>\n<\/tr>\n
Lakeland, FL<\/a><\/td>36.8%<\/td>19.1%<\/td>\n<\/tr>\n
Fort Worth, TX<\/a><\/td>36.7%<\/td>17.8%<\/td>\n<\/tr>\n
Fresno, CA<\/a><\/td>36.4%<\/td>40.3%<\/td>\n<\/tr>\n
Washington, D.C.<\/a><\/td>36.2%<\/td>22.9%<\/td>\n<\/tr>\n
Riverside, CA<\/a><\/td>36.1%<\/td>11.1%<\/td>\n<\/tr>\n
Frederick, MD<\/a><\/td>36.0%<\/td>22.3%<\/td>\n<\/tr>\n
Richmond, VA<\/a><\/td>35.3%<\/td>22.3%<\/td>\n<\/tr>\n
Baltimore, MD<\/a><\/td>35.0%<\/td>26.2%<\/td>\n<\/tr>\n
Bakersfield, CA<\/a><\/td>35.0%<\/td>20.0%<\/td>\n<\/tr>\n
Orlando, FL<\/a><\/td>34.7%<\/td>25.1%<\/td>\n<\/tr>\n
Tulsa, OK<\/a><\/td>33.9%<\/td>26.0%<\/td>\n<\/tr>\n
Baton Rouge, LA<\/a><\/td>33.6%<\/td>20.1%<\/td>\n<\/tr>\n
Des Moines, IA<\/a><\/td>33.4%<\/td>21.7%<\/td>\n<\/tr>\n
Oklahoma City, OK<\/a><\/td>33.2%<\/td>22.8%<\/td>\n<\/tr>\n
Rochester, NY<\/a><\/td>33.1%<\/td>21.6%<\/td>\n<\/tr>\n
Warren, MI<\/a><\/td>33.0%<\/td>27.3%<\/td>\n<\/tr>\n
Minneapolis, MN<\/a><\/td>32.5%<\/td>22.6%<\/td>\n<\/tr>\n
Akron, OH<\/a><\/td>32.4%<\/td>20.2%<\/td>\n<\/tr>\n
Atlanta, GA<\/a><\/td>31.9%<\/td>19.6%<\/td>\n<\/tr>\n
Allentown, PA<\/a><\/td>31.2%<\/td>19.0%<\/td>\n<\/tr>\n
Montgomery County, PA<\/a><\/td>30.8%<\/td>23.0%<\/td>\n<\/tr>\n
Omaha, NE<\/a><\/td>30.7%<\/td>23.4%<\/td>\n<\/tr>\n
Buffalo, NY<\/a><\/td>30.3%<\/td>23.1%<\/td>\n<\/tr>\n
Wilmington, DE<\/a><\/td>30.2%<\/td>20.3%<\/td>\n<\/tr>\n
Virginia Beach, VA<\/a><\/td>29.8%<\/td>17.0%<\/td>\n<\/tr>\n
Los Angeles, CA<\/a><\/td>29.6%<\/td>12.6%<\/td>\n<\/tr>\n
Oxnard, CA<\/a><\/td>29.2%<\/td>10.3%<\/td>\n<\/tr>\n
Boston, MA<\/a><\/td>29.2%<\/td>21.3%<\/td>\n<\/tr>\n
Charlotte, NC<\/a><\/td>29.2%<\/td>13.5%<\/td>\n<\/tr>\n
St. Louis, MO<\/a><\/td>29.1%<\/td>22.1%<\/td>\n<\/tr>\n
Louisville, KY<\/a><\/td>28.7%<\/td>21.4%<\/td>\n<\/tr>\n
Detroit, MI<\/a><\/td>27.9%<\/td>19.1%<\/td>\n<\/tr>\n
Kansas City, MO<\/a><\/td>27.8%<\/td>19.8%<\/td>\n<\/tr>\n
Cleveland, OH<\/a><\/td>27.5%<\/td>19.2%<\/td>\n<\/tr>\n
Dayton, OH<\/a><\/td>27.3%<\/td>21.1%<\/td>\n<\/tr>\n
Tucson, AZ<\/a><\/td>27.1%<\/td>10.8%<\/td>\n<\/tr>\n
Nashville, TN<\/a><\/td>26.6%<\/td>15.9%<\/td>\n<\/tr>\n
West Palm Beach, FL<\/a><\/td>26.3%<\/td>13.0%<\/td>\n<\/tr>\n
Raleigh, NC<\/a><\/td>25.9%<\/td>5.5%<\/td>\n<\/tr>\n
Camden, NJ<\/a><\/td>25.7%<\/td>18.1%<\/td>\n<\/tr>\n
Charleston, SC<\/a><\/td>25.5%<\/td>10.8%<\/td>\n<\/tr>\n
New York, NY<\/a><\/td>25.5%<\/td>21.5%<\/td>\n<\/tr>\n
Albany, NY<\/a><\/td>25.2%<\/td>21.3%<\/td>\n<\/tr>\n
Worcester, MA<\/a><\/td>25.1%<\/td>16.8%<\/td>\n<\/tr>\n
Nassau County, NY<\/a><\/td>25.0%<\/td>18.7%<\/td>\n<\/tr>\n
San Francisco, CA<\/a><\/td>25.0%<\/td>16.6%<\/td>\n<\/tr>\n
Greensboro, NC<\/a><\/td>24.5%<\/td>11.9%<\/td>\n<\/tr>\n
Little Rock, AR<\/a><\/td>23.9%<\/td>12.7%<\/td>\n<\/tr>\n
Birmingham, AL<\/a><\/td>23.4%<\/td>12.3%<\/td>\n<\/tr>\n
Providence, RI<\/a><\/td>23.4%<\/td>13.4%<\/td>\n<\/tr>\n
Pittsburgh, PA<\/a><\/td>23.3%<\/td>16.8%<\/td>\n<\/tr>\n
Knoxville, TN<\/a><\/td>23.2%<\/td>12.4%<\/td>\n<\/tr>\n
Memphis, TN<\/a><\/td>23.0%<\/td>10.4%<\/td>\n<\/tr>\n
Greenville, SC<\/a><\/td>21.9%<\/td>11.3%<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/a><\/td>20.9%<\/td>11.4%<\/td>\n<\/tr>\n
Cincinnati, OH<\/a><\/td>19.9%<\/td>14.1%<\/td>\n<\/tr>\n
Bridgeport, CT<\/a><\/td>19.4%<\/td>14.9%<\/td>\n<\/tr>\n
Columbus, OH<\/a><\/td>19.1%<\/td>14.5%<\/td>\n<\/tr>\n
Hartford, CT<\/a><\/td>19.0%<\/td>14.7%<\/td>\n<\/tr>\n
Lake County, IL<\/a><\/td>19.0%<\/td>25.1%<\/td>\n<\/tr>\n
Miami, FL<\/a><\/td>18.8%<\/td>9.7%<\/td>\n<\/tr>\n
Chicago, IL<\/a><\/td>18.8%<\/td>24.6%<\/td>\n<\/tr>\n
Elgin, IL<\/a><\/td>18.5%<\/td>24.7%<\/td>\n<\/tr>\n
McAllen, TX<\/a><\/td>18.1%<\/td>13.0%<\/td>\n<\/tr>\n
New Haven, CT<\/a><\/td>17.9%<\/td>13.1%<\/td>\n<\/tr>\n
New Brunswick, NJ<\/a><\/td>17.8%<\/td>14.5%<\/td>\n<\/tr>\n
Milwaukee, WI<\/a><\/td>17.4%<\/td>13.9%<\/td>\n<\/tr>\n
Honolulu, HI<\/a><\/td>16.8%<\/td>8.1%<\/td>\n<\/tr>\n
Newark, NJ<\/a><\/td>14.1%<\/td>13.3%<\/td>\n<\/tr>\n
El Paso, TX<\/a><\/td>13.3%<\/td>8.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession. Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic.\u00a0 Nearly two-thirds (61.5%) of homes for sale in Boise, ID had a price […]<\/p>\n","protected":false},"author":13153,"featured_media":74666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[20],"dashboard":[],"coauthors":[124],"class_list":["post-74665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-affordability"],"acf":[],"yoast_head":"\nMore than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market<\/title>\n<meta name=\"description\" content=\"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market\" \/>\n<meta property=\"og:description\" content=\"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-14T12:00:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-15T17:31:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1948\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dana Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dana Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/\"},\"author\":{\"name\":\"Dana Anderson\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/309385292bf91585d2e0a130b0a2566b\"},\"headline\":\"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market\",\"datePublished\":\"2022-07-14T12:00:10+00:00\",\"dateModified\":\"2022-07-15T17:31:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/\"},\"wordCount\":820,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/home-photo-scaled.jpg\",\"keywords\":[\"Housing Affordability\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/\",\"name\":\"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/home-photo-scaled.jpg\",\"datePublished\":\"2022-07-14T12:00:10+00:00\",\"dateModified\":\"2022-07-15T17:31:56+00:00\",\"description\":\"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/home-photo-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/home-photo-scaled.jpg\",\"width\":1577,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/price-drops-cooling-market-june-2022\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/309385292bf91585d2e0a130b0a2566b\",\"name\":\"Dana Anderson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg6a0821cd173d24b4c47bf9d2c09ca097\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg\",\"caption\":\"Dana Anderson\"},\"description\":\"As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/dana-andersonredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market","description":"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/","og_locale":"en_US","og_type":"article","og_title":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market","og_description":"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.","og_url":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2022-07-14T12:00:10+00:00","article_modified_time":"2022-07-15T17:31:56+00:00","og_image":[{"width":2560,"height":1948,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg","type":"image\/jpeg"}],"author":"Dana Anderson","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Dana Anderson","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/"},"author":{"name":"Dana Anderson","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/309385292bf91585d2e0a130b0a2566b"},"headline":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market","datePublished":"2022-07-14T12:00:10+00:00","dateModified":"2022-07-15T17:31:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/"},"wordCount":820,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg","keywords":["Housing Affordability"],"articleSection":["Housing Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/","url":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/","name":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg","datePublished":"2022-07-14T12:00:10+00:00","dateModified":"2022-07-15T17:31:56+00:00","description":"Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/home-photo-scaled.jpg","width":1577,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/price-drops-cooling-market-june-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/309385292bf91585d2e0a130b0a2566b","name":"Dana Anderson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg6a0821cd173d24b4c47bf9d2c09ca097","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg","caption":"Dana Anderson"},"description":"As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.","url":"https:\/\/www.redfin.com\/news\/author\/dana-andersonredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/74665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13153"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=74665"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/74665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/74666"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=74665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=74665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=74665"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=74665"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=74665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}