Fewer Sellers Providing Closing Cost Credits

Only 39.3% of sellers have paid for a part the buyer's closing costs on home sales that have closed thus far in 2016.  This marks a decline from the 47.7% of sellers who paid buyer closing costs last year.  However....



As shown above, the amount of closing costs that sellers are paying is certainly increasing.  The average amount of closing costs paid by a seller (when a credit was provided at all) has increased from $4,150 (in 2015) to an average of $4,328 in 2016.  Also of note....



As shown above, of the sellers who are paying buyer closing costs, it is most common for them to pay between $4K and $6K towards the buyer's closing costs.

So....if, as a seller, you are asked to pay the buyer's closing costs -- you are not alone (40-ish percent of sellers do) and you will likely be asked to pay $4K - $6K.