Top 10 Cities Seeing Most Home Price Cuts Revealed

Realtor.com report highlights markets where sellers are slashing listing prices to attract buyers

Feb. 21, 2026 at 5:38pm

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A recent Realtor.com analysis identified the U.S. metro areas with the highest percentage of home listings that have seen three or more price cuts. The top markets include Austin, San Antonio, and Tampa, where typical listings are taking longer to sell and sellers are reducing prices to attract buyers in a cooling housing market.

Why it matters

Tracking where price cuts are most common can help buyers gauge their negotiation leverage and signals where sellers are facing slower demand or rising inventory, potentially creating more favorable conditions for home purchases.

The details

According to the Realtor.com report, in January 2026, 22.2% of active listings in Austin, Texas had been reduced in price at least three times - about double the national share of 10.7%. San Antonio, Texas ranked second with 22% of listings seeing three or more cuts, followed by Tampa, Florida at 20.8%. Other top markets for price reductions included Indianapolis, Indiana; Jacksonville, Florida; Dallas, Texas; Orlando, Florida; Portland, Oregon; Phoenix, Arizona; and Denver, Colorado.

  • The Realtor.com report was published on February 21, 2026.
  • In January 2026, the top 10 markets saw between 15.9% and 22.2% of listings with three or more price cuts.

The players

Realtor.com

A real estate listing website and research firm that published the analysis on cities with the highest share of home listings with multiple price reductions.

Jake Krimmel

Realtor.com's senior economist, who commented on the report findings.

Coldwell Banker Vanguard Realty

A real estate brokerage that provided commentary on the motivations of sellers in markets with high price cut activity.

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What they’re saying

“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.”

— Coldwell Banker Vanguard Realty broker

“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.”

— Jake Krimmel, Realtor.com senior economist

What’s next

Realtor.com regularly releases new studies and reports on housing market trends.

The takeaway

The high share of price cuts in markets like Austin, San Antonio, and Tampa signals a shift to a more buyer-friendly housing environment, where sellers are having to be more aggressive on pricing to attract interest and compete with rising inventory levels.