#price-reductions

#price-reductions

Florida's single-family housing market revealed a striking disconnect in early November 2025, with homes taking a median 98 days to sell, 21 days longer than the national median of 77 days, even as market conditions shifted decisively in favor of buyers. The state's housing inventory reached 97,224 active listings for the week ending Nov. 1, with 43.9% of sellers cutting prices to attract buyers.

The PhoenixMesaGlendale metro housing market presents a striking paradox: while 48.99% of active listings have reduced prices, the median list price holds firm at $522,000, sitting 20% above the national median of $435,000. This pricing dynamic signals a market recalibration where sellers are adjusting expectations despite maintaining relatively high price points. The Arizona metro recorded 16,811 active single-family homes as of Oct. 31, 2025, with 1,158 new listings entering the market during the week.

Austin's housing market showed the sharpest shift toward buyers among Texas' major metros, with 53.4% of active listings taking price cuts as of Nov. 1, 2025. The Austin-Round Rock-San Marcos metro's median list price dropped to $499,000 from $525,231 a year earlier, marking a $26,231 decline. The divergence across the Texas Triangle metros reveals how even neighboring markets can experience different conditions.

HW Data for the week of Oct. 3 shows California's median list price at $775,000 with inventory of 57,048 homes and a market action index of 37.3. Florida's median list price is $484,000 with inventory of 97,525 homes and a market action index of 30.3. Price reductions reached 36 percent of active listings in California and 44 percent in Florida.

Unit 65 at 53 West 53rd Street, asking just under $47 million, was the priciest Manhattan home to land a signed contract last week, according to Olshan Realty's weekly report. The full-floor apartment was one of 29 properties to find buyers between Sept. 29 and Oct. 5, up from 23 in the previous period. The building's developers a group including Hines and Singapore's Pontiac Land Group initially sought $51 million for the 6,400-square-foot pad in 2015, when they began marketing units off of floor plans.

First up, after selling for $12.5 million in 2022, the Brooklyn Heights dwelling perhaps best known as the "Moonstruck" house is back on the market. This former House of the Day is still available for $12.75 million, a price cut of $1.25 million. In the Cobble Hill Historic District, a row house is set up with a duplex and two rental units. This former Open House Pick is still available for $4.275 million, a price cut of $675,000.

San Antonio is steadily catching buyers' eyes, with a housing market that's somewhat competitive. In July 2025, the median sale price reached $275,500, up 2.9% from last year. Homes take about 58 days to sell and usually draw around 2 offers each. Roughly 15% of homes close above list price, while nearly 38% see price drops, reflecting a market with opportunities for both buyers and sellers. With most buyers choosing to stay local, San Antonio continues to offer steady appeal for those looking to make a move.

San Jose blends suburban calm with Silicon Valley energy, and its housing market reflects that balance. The market is only somewhat competitive, with homes receiving about 4 offers on average and selling in around 20 days. The median sale price in July 2025 was $1,498,500, showing the high cost of living in the Bay Area. Still, with 51.6% of homes selling above list price and a 101.9% sale-to-list ratio, sellers are in a strong position.

34% of UK homes are seeing a reduction in price, the highest for this period since 2012, indicating a two-speed property market.