Nearly one in five sellers dropped prices during the four week period ended May 22, Redfin Corp. said in a report Thursday.
Price drops are "becoming increasingly common" in some of the most popular housing markets across the United States.
The supply of homes for sale jumped 9% last week compared with the same week one year ago, according to Realtor.com.
Rapid Home price growth in North Texas and in cities nationwide continued to break records.
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