Buyer discounts continue slide

Florida, California at opposite ends of spectrum

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For the ninth month this year, buyer discounts — the price paid compared to the last listing price of homes — shrank in October to a median of 2.7 percent, according to Zillow’s Real Estate Market Reports. That’s down from 2.9 percent in September and 4.6 percent in January.

October’s discount, as reported by Zillow, amounted to a median savings of $5,741 for buyers. Nationally, the median price of a home was $190,400, down 6.9 percent year-over-year. Sellers also cut prices by a median 6.5 percent.