Why sellers in multiple US housing markets are slashing their prices
Sellers in multiple US housing markets are slashing their prices to attract buyers, with one in five homes seeing a price reduction across nine major metros in February 2026. The markets with the highest rates of price cuts were Phoenix, Tampa, San Antonio, and Tucson, with Texas and Florida leading the pack.
Sellers are cutting prices to attract buyers. In February 2026, one in five homes saw a price reduction across nine major US metros. Phoenix had the highest rate of cuts at 28.2%. Other markets with high rates of cuts included Tampa, San Antonio, and Tucson. Texas and Florida had the most metros with high price cut rates. Sellers are cutting prices due to increased competition and higher costs. Buyers are no longer willing to pay pandemic-era prices.
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