In Q1 2025, home sellers provided concessions β such as closing cost credits or repair allowances β in 44.4% of U.S. transactions, just shy of the all-time high set in 2023.
Markets with the highest share of concessions:
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Seattle, WA: 71.3%
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Portland, OR: 63.9%
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Atlanta, GA: 61.5%
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San Diego, CA: 60.7%
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Denver, CO: 59.2%
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Los Angeles, CA: 56.1%
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Sacramento, CA: 52.5%
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Las Vegas, NV: 51.9%
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Riverside, CA: 51.2%
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Phoenix, AZ: 51.2%
Our take:
These numbers show the power shift happening in real time.
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Buyers have more leverage now than theyβve had in years.
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Sellers need to price right and be flexible with concessions if they want to close deals.
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The all-cash, no-contingency era is on pause β today’s market favors negotiation and strategy over frenzy.
For agents, educating clients on realistic expectations β for both sides β is the path to success in 2025.
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