【Zillow】Sellers slam the brakes; new listings fall to record low for August (August 2025 Market Report)

• Market momentum shifts: Buyers’ recent run of gaining leverage is cut short. 
• Price cuts ease from peak: The share of listings with a price cut moderated to 26%, down from the all-time high of 27% in July.
• Inventory high but shrinking: While total for-sale inventory is up 15% year-over-year, it fell month-over-month as the flow of new listings slowed to a trickle.

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