Realtor.com has published fresh research identifying U.S. cities where a larger share of home listings saw price reductions, highlighting markets in which sellers increasingly cut asking prices.
Why It Matters
Tracking where price cuts are most common may help buyers gauge negotiation leverage and potentially signals where sellers face slower demand or rising inventory.
What To Know
Austin, Texas, lead the Realtor.com analysis of metros where listings most often undergo three or more cuts. In January, 22.2 percent of active Austin listings on Realtor.com had been reduced at least three times—about double the national share of 10.7 percent.
San Antonio, also in Texas, ranked second, Realtor.com found, with 22 percent of listings having three or more cuts in price.
In third was Tampa, Florida. According to the research, the metro saw slightly below 21 percent of listings with at least three price reductions.
Following Tampa was Indianapolis, Indiana, with 18.4 percent, and Florida’s Jacksonville, with 17.8 percent, according to Realtor.com.
Overall, the top 10 cities with the highest percentage of listings with three or more price cuts were found to be
Austin, TX — 22.2 percentSan Antonio, TX — 22 percentTampa, FL — 20.8 percentIndianapolis, IN — 18.4 percentJacksonville, FL — 17.8 percentDallas, TX — 17.2 percentOrlando, FL — 16.9 percentPortland, OR — 16.6 percentPhoenix, AZ — 16.5 percentDenver, CO — 15.9 percent
In the top three metros—Austin, San Antonio, and Tampa—the typical listing is waiting about three months for a buyer.
In Austin, the median listing price of about $455,000 sat nearly 10 days longer than a year earlier, while Tampa’s typical property (about $399,727) remained on the market more than two weeks longer than in January 2025, the biggest annual slowdown across the top 10, Realtor.com noted in its report.
What People Are Saying
Real estate broker at Coldwell Banker Vanguard Realty told Realtor.com: “If there aren’t showings or offers, no matter what kind of marketing you do, it is all about the price, and these are sellers who are selling because they need to, not because they are testing the waters.
“Many are selling a second home/vacation property, relocating out of the area, or it is an older person that is downsizing/rightsizing or going into assisted living or a longtime rental property.”
Realtor.com senior economist Jake Krimmel said in the report: “It’s more or less a ‘who’s who’ of buyer-friendly markets.
“These are places where housing demand is still low and inventory has been steadily building up.”
What Happens Next
Realtor.com regularly releases new studies and reports.