Are home sellers cutting their asking prices?

Where home sellers are cutting their asking prices

In the typical metro area, about 28% of the homes on the market cut their asking price — roughly 3 in every 10 listings. Across the 750 metro areas we can measure, cutting became MORE common than a year earlier in 291 of them and less common in 190.

28%

Typical share cutting price

median of 750 metros

108

Metros over 35%

of 750

Metros under 20%

of 750

291

More cutting than last year

of 750 compared

A price cut is a listing that came to market at one number, did not sell, and moved down. It is the earliest honest signal of a gap between what sellers want and what buyers will pay — earlier than sale prices, which only tell you about the homes that already sold.

The national number hides two different countries. 108 metro areas have more than a third of their listings cutting, and 96 metro areas are under one in five. Those markets are not a degree apart, they are opposites.

Direction: 291 metros are seeing more cutting than a year ago, 190 less, and 269 are within two points either way, which we treat as unchanged rather than narrating a trend that is not there.

We compare each metro to the SAME month a year earlier, not to last month. Price cutting is strongly seasonal everywhere — listings that sit through the summer get marked down in the fall — so a month-over-month comparison manufactures trends out of the calendar.

14 metro areas are excluded from every figure above and not linked below — either the latest reading is missing from the source file, or the latest month jumped more than double off that metro's own recent range. In a market with under a hundred listings that is as likely to be a sampling artifact as a real move, and we would rather drop the page than publish a number we cannot stand behind.

Source: Redfin's published market data, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin.

Where sellers are cutting most

Metros with the highest share of listings that lowered their asking price. If you are buying in one of these, the asking price is a starting point.

Metro area	Cut their price	A year ago
Clinton, IA	60%	36%
Mountain Home, ID	55%	37%
Emporia, KS	52%	45%
Owensboro, KY	52%	34%
Frankfort, IN	52%	34%
Lincoln, IL	45%	33%
New Castle, IN	45%	39%
Midland, MI	44%	36%
Marshalltown, IA	44%	31%
Fremont, NE	43%	21%
Centralia, IL	43%	24%
Frankfort, KY	43%	32%
Indianapolis, IN	43%	36%
Seymour, IN	43%	39%
Angola, IN	43%	39%
Spartanburg, SC	43%	30%
Sedalia, MO	43%	33%
Crawfordsville, IN	42%	42%
Columbus, IN	42%	39%
Burley, ID	42%	28%
Huntington, IN	42%	36%
Denver, CO	42%	42%
Topeka, KS	42%	38%
Sanford, NC	41%	35%
Sioux City, IA	41%	33%
Kalamazoo, MI	41%	35%
The Villages, FL	40%	43%
Austin, MN	40%	31%
Altoona, PA	40%	53%
Muskegon, MI	40%	34%

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Every metro area we answer this for

750 metro areas, each with its own answer and its own numbers.

The other questions

Source: Redfin's published market data, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin.