Redfin says percentage is down 2.6 percentage points
The share of homes selling for more than their asking price in the 4-weeks to September 23, 2018 was 22.9%.
It was the lowest percentage since 2016 and was down 2.6 percentage points from September 2017 and down from 29% in June according to an analysis from Redfin.
"With home price growth slowing to 4.7% in August, and a record-high share of sellers dropping their prices, the fact that fewer homes are selling above their asking price is another indication that competition is getting less intense than it has been in recent years," said Redfin senior economist Taylor Marr. "Inventory pressures are easing in the hottest markets, which is welcome news for homebuyers who are increasingly able to submit an offer without competition and get bids accepted without offering above list price."
The most competitive markets have shown the greatest change in share of homes selling above asking price, with rapid declines in Seattle, Denver, Portland and the Bay Area.
In Seattle, the 30.3% share is down 50.6% a year ago and is the lowest since 2014.
