Opendoor Technologies Inc (OPEN) saw its stock price plummet by 9.15% during intraday trading on Wednesday, reflecting significant selling pressure on the real estate technology company.

The sharp decline appears to be part of a broader sector-wide sell-off affecting the real estate services industry. According to market reports, multiple stocks within the sector were under pressure during the trading session, with CoStar declining 4.37%, Zillow falling 4.45%, KE Holdings Inc. dropping 2.29%, CBRE Group Inc decreasing 2.03%, and Compass, Inc. plunging 5.39%.

The synchronized downturn across real estate services stocks suggests investors were moving away from the sector amid concerns about market conditions or broader economic factors affecting real estate transactions and services.