Sellers are now definitely feeling the pressure of the market shift and are more flexible with buyers.
Los Angeles home sellers gave concessions to buyers, such as money for repairs and mortgage-rate buydowns, in 53.2% of home sales in the fourth quarter of 2022.
In the fourth quarter of 2021, 46% of LA home sellers gave concessions to buyers. That's a year-over-year change of 7.2 percentage points.
Source: new report from Redfin