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In August 2023, 44.7% of home sales in the US included seller concessions, a rise from 42.6% the previous year, according to Redfin. In contrast, only 5.7% of sales in the New York metro area featured such concessions, the second-lowest rate among major US metros. The analysis indicates that buyers in New York have significantly less negotiating power compared to those in other regions.
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In August 2023, 44.7% of home sales in the US included seller concessions, a rise from 42.6% the previous year, according to Redfin. In contrast, only 5.7% of sales in the New York metro area featured such concessions, the second-lowest rate among major US metros. The analysis indicates that buyers in New York have significantly less negotiating power compared to those in other regions.
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Nearly half of US homebuyers are scoring seller perks — but NYC buyers are getting almost nothing
US Homebuyers Receiving Seller Concessions, NYC Buyers Receiving Few