Realtor.com®: Down Payments Hit Lowest Q2 Level Since 2021

Homebuyers put more down this spring than in the winter, but the typical down payment still fell to $27,100, the lowest second quarter level since 2021, according to the Realtor.com® second-quarter Down Payment Report. Down payments fell 9.2% year over year in dollar terms and 0.6 percentage points as a share of purchase price. Increased inventory gave buyers more room to negotiate, while higher mortgage rates kept rate-sensitive households on the sidelines.