Since the COVID-19 crisis began, the number of listings with price reductions has gone down across all cities compared to the same period in 2019. This may be due to homes being delisted or not listed at all as some homeowners would rather delist than reduce price by 10%.
In the event of a price reduction, the avg. reduction in recent weeks is nearly twice as large as a year ago:6.2% in 2020 vs. 3.6%in 2019 for week ending April 18th
