Seller concession are at a record high this spring mostly because it’s a buyer’s market, according to a new report from Redfin.

The online brokerage reported that home sellers gave concessions to buyers in 46.2% of U.S. home sales in May, up from 43.1% a year earlier and the highest share for that month in Redfin’s records.

It said that seller concessions are at a record high, with 47% more …

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