Around 10 percent of homes in Sydney and Melbourne were sold at a discounted price in February as the market slows down, according to data from Domain. In Sydney, 10.5 percent of properties lowered their asking price before selling, a jump from 5.9 percent in July 2021. The figure was slightly lower in Melbourne, at nine percent. The downward adjustments were around five percent in both cities. Nicola Powell, the chief of research and economics at Domain, said the numbers were a good indication of buyer sentiment. “So it’s another statistic to show that we’re starting to see momentum slowdown in our housing markets in Sydney and Melbourne,” Powell told The Epoch Times. It also reflects the gap between sellers’ expectations and what buyers are now willing to pay for, with the market moving firmly past the phase where many properties sold way above their asking price in 2021. “I …