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Jason Lewris @jasonlewris.bsky.social · 19h

This Knoxville, TN property has been on the market for a year and has had $2,095,000 in price cuts. Originally purchased in June `99 for $525,000 this property was first listed in October `25 for $5,895,000 4 price cuts totaling $2,095,000 later and it is now listed for $3,800,000

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Jason Lewris @jasonlewris.bsky.social · 02/10/2026

JUST IN: This morning, 43% of all US home sellers are now undergoing price cuts. Today sets a new all time high record for the year on price cutting behavior. This is up 3.1% since September 1.

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Jason Lewris @jasonlewris.bsky.social · 02/10/2026

The WSJ using July data for a September 29 article.... 🤔

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Jason Lewris @jasonlewris.bsky.social · 26/09/2026

In this weeks edition of Castles for sale, check out this monster of a property listed at $10m in Red Bank, New Jersey 15,025 square feet with 20 acres. Have a hard time believing this is a 3 bed 4 bath unit. Now for Texas...

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Jason Lewris @jasonlewris.bsky.social · 26/09/2026

Today, sellers in Minnesota, Wisconsin, Michigan, Illinois, Indiana and Ohio cut prices about a week faster than the US average. These states typically cut home prices every 25 to 28 days. The US average is 32 days. Winter is coming.

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Jason Lewris @jasonlewris.bsky.social · 26/09/2026

Ouch - currently sitting on a $1,180,000 loss if this unit cleared at its current asking price - however, still no buyer. This Holmes Beach, Florida home was originally purchased in 2022 for $6,175,000. After 3 price cuts, the current asking value is $4,995,000 A $1,180,000 loss over four years.

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Jason Lewris @jasonlewris.bsky.social · 25/09/2026

On market for over two years with three million dollar price cuts. The most motivated seller in Friday Harbor, Washington. Original ask: $8,950,000 Current ask: $5,950,000 Total markdown: $3,000,000 (-34%)

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Jason Lewris @jasonlewris.bsky.social · 24/09/2026

UPDATE: As of this morning, $17.1B in additional homes have been added to the US for sale supply since September 1. July 18 was the first time this year $974B had been cracked, in the midst of the hottest season for selling homes.

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Jason Lewris @jasonlewris.bsky.social · 24/09/2026

On market for 3 years, $3,250,000 in markdowns, and still no buyer. Currently the number 1 most motivated seller in Zionsville, Indiana. Original ask: $7,900,000 Current ask: $4,650,000 Total markdown: $3,250,000 (-41%) in ~1,000 days.

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Jason Lewris @jasonlewris.bsky.social · 23/09/2026

Nationwide, today's home buyers are getting an extra 1.8% off the last asking value of the home during closing. On a $400,000 home, that is an extra $7,200 back in your pocket.

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Jason Lewris @jasonlewris.bsky.social · 23/09/2026

A $3.35 million dollar markdown in 21 months. Currently the #1 most motivated seller in Crested Butte, Colorado. Original ask: $7,250,000 Current ask: $3,900,000 Total markdown: $3,350,000 (-46%)

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Jason Lewris @jasonlewris.bsky.social · 22/09/2026

Institutional SFR owners, the ones who fell into the 21st Century ROAD to Housing Act definition, now account for 2.6% of everything for sale today in Georgia. In Clayton County, that is 9%. In some zip codes? That is 20%. Let's dig in.

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Jason Lewris @jasonlewris.bsky.social · 22/09/2026

Single family home accidental landlords continue to pile into the rental supply in Texas. Today, 13% of every single family home unit available for rent in Texas is originating from owners who tried to sell their home and couldn't.

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Jason Lewris @jasonlewris.bsky.social · 20/09/2026

This weeks edition of the castles for sale in the United States. Starting with this monster in San Antonio. Currently listed for $4.3 million dollars.

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Jason Lewris @jasonlewris.bsky.social · 20/09/2026

Seller went for more than a 6 bagger. Now would settle at a 4 bagger. Still no buyer in sight. Originally purchased in 2001 for $428,000 Came out of the gates hot in June with an ask of $2,800,000 Currently asking $1,750,000 More than $1m in markdowns in a few months

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Jason Lewris @jasonlewris.bsky.social · 19/09/2026

Buy high sell low seems to be the strategy on this one. Bought in 2022 for $2,950,000 Tried to find a buyer in 2024 at $2,999,000 No takers. Now asking for $2,290,000 Still no takers. Current ask is $660,000 below what they paid in 2022.

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Jason Lewris @jasonlewris.bsky.social · 17/09/2026

Currently the #1 most motivated seller in Power and #6 in Montana Original ask: $2,800,000 Current ask: $1,537,900 Total markdown: $1,262,100 (-45%) Pretty sure you would need a car for this one. 0 on walkability.

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Jason Lewris @jasonlewris.bsky.social · 17/09/2026

Currently the #1 most motivated seller in Frisco and #10 in Colorado. Tried the double dipper strategy by having a for sale sign and for rent sign at the same time. Originally asked for $2,480,000 in July Now asking $1,140,000 in September A $1,340,000 (-54%) markdown in 2 months

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Jason Lewris @jasonlewris.bsky.social · 16/09/2026

UPDATE: Since September 1, an additional $11.5B worth of homes have been added to the for sale supply. This is in the midst of sustained price cuts - existing homes on the market, their values are going down. Additionally, sellers are giving up more during the final negotiations. Let's dig in.

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Jason Lewris @jasonlewris.bsky.social · 16/09/2026

Currently the number 1 most motivated seller in Stockton and number 61 in California. Original ask: $2,900,000 Current ask: $1,850,000 Total markdown: $1,050,000 (-36%) in three months.

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Jason Lewris @jasonlewris.bsky.social · 13/09/2026

This area by North Bay in Grays Harbor over in WA is not looking good. 58% of all homes in this view are cutting prices. 67% of homes are undergoing price cuts in that circle. Did something happen here?

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Jason Lewris @jasonlewris.bsky.social · 12/09/2026

Ouch...this Florida home seller is sitting on a $950,000 unrealized loss with still no buyer. Originally purchased in 2022 for $4.7m Today they are asking for $3,750,000 Why would you sell your home at such a loss?

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Jason Lewris @jasonlewris.bsky.social · 12/09/2026

We are looking at part of Lake Medina Shores, a small census-designated place in Bandera and Medina counties, Texas. An hour drive to San Antonio. 3 out of 4 homes undergoing price cuts. Many listings on market for over a year. Nearly half with markdowns >10%. Did something happen here?

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Jason Lewris @jasonlewris.bsky.social · 12/09/2026

Home sellers are giving up an additional 1.6% between their last asking price and the final sale price. They were giving up the least amount this year on July 4, at 0.9% The trend seems to be continuing down. Buyers should be able to ask for more during closing.

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Jason Lewris @jasonlewris.bsky.social · 12/09/2026

This Florida seller thought they were going to get a 6 bagger. That didn't pan out. Originally bought for $400k in 2005. They shot for the moon with an original ask of $2.5m 3 price cuts later and over a million in markdowns, the seller is now asking $1,495,000 with no buyer in sight.

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Jason Lewris @jasonlewris.bsky.social · 11/09/2026

As of this afternoon, 2.3% of all financed units within the US is underwater. 8.36% wouldn't clear with closing costs. Notice the distribution shift between financed home owners not selling vs. those that are selling on where they are on the equity curve?

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Jason Lewris @jasonlewris.bsky.social · 10/09/2026

Currently the #1 most motivated seller in Milton and #3 in Vermont Original ask: $3,500,000 Current ask: $2,399,000 Total markdown: $1,101,000 (-31%) Beautiful property though.

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Jason Lewris @jasonlewris.bsky.social · 10/09/2026

Texas is on watch - the dynamic unfolding on the for sale market between home builders and everyone else competing for buyer attention is remarkable. x.com/ParclLabs/s...

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Jason Lewris @jasonlewris.bsky.social · 09/09/2026

Currently the #3 most motivated seller in Kihei, #5 in Hawaii and #184 nationwide. Original ask: $3,800,000 Current ask: $2,400,000 Total markdown: $1,400,000 (-37%) Listed December 2024. 618 days and counting.

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Jason Lewris @jasonlewris.bsky.social · 07/09/2026

Ouch. This seller is willing to walk away with a current million dollar loss and still no buyers. Originally purchased in 2021 for $3.9m Current ask: $2,950,000 as of August 28, 2026.

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Jason Lewris @jasonlewris.bsky.social · 06/09/2026

Currently the #1 most motivated seller in Palmyra and all of Nebraska. Original ask: $3,295,000 Current ask: $2,115,000 Total markdown: $1,180,000 (-36%). Beautiful property though.

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Jason Lewris @jasonlewris.bsky.social · 05/09/2026

Wild. So many people said they were bearish on NY housing, bullish on FL housing during the pandemic. Well today, those two states are neck an neck in price appreciation since the beginning of the pandemic. NY home appreciation has roared back while Florida is a slow bleed down.

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Jason Lewris @jasonlewris.bsky.social · 05/09/2026

The I'm happy with just breakeven seller. Originally purchased in August, `22 for $2,100,000 Swung high with an original ask of $3,300,000 Current ask? $2,100,000 Total markdowns of $1,200,000 (-36%) Now trying to recover original purchase price with no buyer yet.

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Jason Lewris @jasonlewris.bsky.social · 04/09/2026

JUST IN: Texas currently accounts for 4 of the top 10 most motivated home seller markets in the country. Sherman, TX Austin, TX San Antonio, TX Dallas, TX

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Jason Lewris @jasonlewris.bsky.social · 04/09/2026

Currently the #1 most motivated seller in Boynton Beach and #52 in FLorida. Original ask: $3,395,000 Current ask: $2,175,000 Total markdown: $1,220,000 (-36%) Listed April 10, 2026. Three cuts in four months: $245,000, $450,000 and $525,000 on August 17.

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Jason Lewris @jasonlewris.bsky.social · 02/09/2026

Currently the #2 most motivated seller in St. Petersburg and #45 in Florida Original ask: $3,775,000 Current ask: $2,500,000 Listed January 30, 2026. Four cuts in seven months, the latest $380,000 on August 28.

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Jason Lewris @jasonlewris.bsky.social · 02/09/2026

Currently the #1 most motivated seller in Arlington and #5 in Virginia Peak ask: $4,850,000 Current ask: $2,450,000 Total markdown: $2,400,000 (-49%) Pulled off the market at $4.85m in December 2025. Relisted in April at $3.8m, then three cuts: $300,000, $550,000, and $500,000 on August 11.

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Jason Lewris @jasonlewris.bsky.social · 01/09/2026

UPDATE: 55.8% of homes listed for sale in Colorado Springs, CO are now undergoing price cuts. This rate was under 40% in April. This morning, that rate is 41.7% nationwide.

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Jason Lewris @jasonlewris.bsky.social · 01/09/2026

Currently the #1 most motivated seller in Perkinston and #2 in Mississippi Original ask: $3,650,000 Current ask: $2,299,000 Total markdown: $1,351,000 (-37%) Listed August 2025. Cut $950,000 twelve days later, then three more cuts this summer, the latest being $100k on Aug 25. Still no buyer.

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Jason Lewris @jasonlewris.bsky.social · 31/08/2026

As of tonight, nearly 1 in 3 homes for sale in the State of Texas are coming from home builders. Nationally, this rate is 17.5%. Let's dig in.

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Jason Lewris @jasonlewris.bsky.social · 30/08/2026

More and more home sellers in Florida are willing to cut their losses and sell at a loss. Why?

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Jason Lewris @jasonlewris.bsky.social · 29/08/2026

One state with wildly different seller behaviors. On the left, the most motivated seller counties in Florida. On the right, the least motivated seller counties in Florida. Why are home sellers so eager to get out in Pasco and Pinellas?

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Jason Lewris @jasonlewris.bsky.social · 29/08/2026

This is a new one - the max loss flipper. Purchased for $3,990,000. 15 days later, listed for $2,999,000. Current asking price: $2,699,000 Now what kind of new seller strategy is this?

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Jason Lewris @jasonlewris.bsky.social · 28/08/2026

This afternoon, home seller capitulation continues to accelerate with 41.8% of every home for sale nationwide undergoing price cuts below the original ask. This rate was 36% in April.

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Jason Lewris @jasonlewris.bsky.social · 27/08/2026

Currently the #1 most motivated seller in Bigfork, #3 in Montana and #112 nationwide. Peak ask: $5,875,000 Current ask: $2,450,000 Total markdown: $3,425,000 (-58%)

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Jason Lewris @jasonlewris.bsky.social · 27/08/2026

Currently the #1 most motivated seller in Fairhope, #1 in Alabama, and #188 nationwide. Purchased for $2,044,300 on April 22, 2026. 13 days later, came out swinging with an original ask of $3,900,000 Current ask: $2,500,000 Total markdown: $1,400,000 (-36%)

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Jason Lewris @jasonlewris.bsky.social · 26/08/2026

24 price cuts in 12 months and still no buyer. Originally listed for $1,999,958. Now asking $1,565,000 Purchased for $1,000,000 in 2018

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Jason Lewris @jasonlewris.bsky.social · 24/08/2026

Currently the #1 most motivated seller in Fish Haven, #2 in Idaho, and #66 nationwide. Peak ask: $4,250,000 Current ask: $2,250,000 Total markdown: $2,000,000 (-47%) With a proven record of being a successful Airbnb at Bear Lake?

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Jason Lewris @jasonlewris.bsky.social · 23/08/2026

Institutional investors, those in the recently passed 21st Century ROAD to Housing Act, now account for 2.5% of every single family home for sale in the entire state of Georgia. In Atlanta - 4.1% of every single family home for sale is coming out of a select group of institutional housing traders.

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Jason Lewris @jasonlewris.bsky.social · 22/08/2026

Ouch - this unit was purchased for $5,145,000 in 2020. The current asking price is $2,900,000. If sold today, that's a $2,245,000 loss. However, no one is buying it yet and there are only a few short weeks left in New York's primary purchasing season.

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