#price-reductions

#price-reductions

Over the past three years, inventory has peaked in late spring, after a steady build through March and April. Sellers tend to list once the weather improves and before summer distractions kick in. That means more one-bedrooms in Brooklyn, more Upper West Side co-ops more everything. A surge of new listings at the end of 2025 suggests early spring buyers may see solid inventory with slightly less competition than the May frenzy.

The Cincinnati-Middletown metro area absorbed 427 homes in the week ending Nov. 29, 2025, outpacing new inventory additions of 347 listings as 41.8% of active properties reduced asking prices. The Ohio metro maintained just 2.3 months of supply, tighter than the national average of 2.8 months, while operating in seller-favorable conditions. Cincinnati's median list price of $359,900 exceeded Ohio's statewide median of $279,000 by 29%, yet the metro achieved faster inventory turnover through strategic price positioning.

Atlanta's single-family housing market entered December with 20,998 active listings, creating distinct conditions that separate it from broader national patterns. The metro's 3.4-month supply exceeds the U.S. average of 2.8 months, while 39.9% of sellers have reduced asking prices. The AtlantaSandy SpringsMarietta metro recorded 1,776 home absorptions during the week ending Nov. 30, 2025, against 1,011 new listings. This gap between removals and additions suggests existing inventory faces extended market exposure, reflected in the 84-day median time on market.

Active listings in the Lubbock area climbed to 1,964 homes, representing a 32.8% increase from 1,479 properties a year ago. The surge in available homes coincided with a dramatic pullback in buyer activity, as weekly absorption plummeted 65.6% year-over-year from 192 to just 66 homes. New listings continue entering the market at a steady clip, with 99 homes added during the week ending Nov. 22.

Nearly 41.2% of active single-family listings include price reductions. The median cut is 4%, amounting to roughly $17,230 off the typical $427,900 listing price. Homes are sitting on the market for a median of 77 days, and 10.2% of listings are being relisted a sign that deals are falling through or sellers are testing lower price points. In most metro areas, the typical reduction falls between $10,000 and $25,000.

Nearly half of Grand Rapids, MI metro home sellers reduced asking prices during the week ending Nov. 14, 2025, while the market maintained its position as one of Michigan's fastest-moving housing markets with homes selling 21 days quicker than the state average. The aggressive pricing strategy appears to be working. The metro absorbed 189 homes during the week, up 14.5% from 165 homes during the same period last year. Properties sold in a median 42 days compared to 63 days statewide and 77 days nationally.

Canton's housing market is executing one of Ohio's most aggressive repricing strategies, with 39.6% of active listings cutting prices while maintaining seller-market conditions through Nov. 7, 2025. The metro's 220 single-family homes carry a median list price of $204,950, 28% below Ohio's $285,000 median. This pricing approach creates an unusual dynamic where Canton homes sell at state-average speeds despite deep regional discounts. The market

Alexandria's housing market absorbed 36 homes during the week ending Nov. 7, 2025, while sellers added just 21 new listings to inventory, creating a demand ratio that contrasts sharply with broader Louisiana market conditions. The Alexandria metro's median days on market held at 80.5 days, running 18 days faster than Louisiana's statewide median of 98 days. Active inventory totaled 438 single-family homes, up from 358 properties a year earlier, while the median list price reached $235,000. Weekly absorption in Alexandria

Price reductions swept through the Knoxville metro housing market during the week ending Nov. 7, 2025, with 51.9% of active listings carrying reduced asking prices, well above typical market conditions where cuts affect roughly 30-35% of inventory. The Tennessee metro recorded 2,492 active single-family homes for sale, marking a 19.7% jump from 2,082 properties available during the same week in 2024. Despite the inventory buildup, buyers absorbed 293 homes during the week, representing a 33.8% increase from the 219 homes absorbed a year earlier.

Nearly half of Tucson's home sellers adjusted their asking prices downward in the week ending Nov. 7, 2025, yet the market absorbed 313 properties while adding just 221 new listings, a 141% absorption rate that signals pricing strategies are connecting with buyers. The Tucson metro's single-family market recorded 3,539 active listings with a median price of $417,430. Despite 42.9% of sellers reducing prices, the median held steady, while homes moved at a 70-day median pace that matched Arizona's statewide tempo.

Price reductions have become the norm in Denver's housing market, with 53.7% of active listings carrying discounts as of Nov. 7, 2025. Homes now take a median of 70 days to sell, up from 56 days a year earlier, marking a notable slowdown for the metro area. The DenverAuroraBroomfield metro recorded 8,222 active single-family listings, up 17.5% from 6,999 a year ago. Despite more competitive pricing, weekly absorption slipped to 838 homes from 878 last year, indicating buyers remain selective even as sellers adjust expectations.

Nearly half of all home sellers in the Portland-Vancouver-Hillsboro metro area have slashed their asking prices, marking one of the most aggressive repricing environments in the nation. The latest data from HousingWire shows 49.8% of active listings carried reduced prices as of Nov. 7, 2025, while homes lingered on the market for a median of 84 days. The widespread price cuts signal a fundamental shift in negotiating power as Portland's housing market moves firmly into buyer-favorable territory.

Collin County's housing market maintains a $519,900 median list price as of Nov. 7, 2025, standing 39% above Texas' $374,000 median even as 55.7% of active listings undergo price reductions. The North Texas metro's pricing resilience emerges alongside market dynamics that mirror national patterns while outpacing statewide metrics. The county recorded 5,904 active single-family listings during the week ending Nov. 7, with homes selling in a median 84 days.

Price reductions swept through 44.7% of active listings in the Seattle-Tacoma-Bellevue metro during the week ending Nov. 7, 2025, as the region's median list price held at $850,000, nearly double the national median of $435,000. The widespread pricing adjustments signal a recalibration in one of the nation's most expensive housing markets, where sellers are adapting strategies to maintain transaction momentum. Despite the high rate of price cuts, the metro absorbed 652 homes during the week while adding 399 new listings to the market.

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.