National Housing Snapshot: 10 Cities Seeing More Price Cuts in 2025

As real estate professionals, staying ahead of national trends helps us better serve our local clients here in Northern Kentucky. Recent data from REALTOR.COM shows that even hot markets across the U.S. are seeing a noticeable rise in price reductions and longer days on market.

Here’s a quick snapshot of what’s happening in 10 major metro areas:

 Phoenix, AZ

• Median List Price: $525,000
• Price Cuts: 31.3% of listings
• Avg. Days on Market: 58
• Notable: $24K average price drop

 Tampa, FL

• Median List Price: $417,500
• Price Cuts: 29.9% of listings
• Avg. Days on Market: 60
• Notable: $10K+ reductions becoming common

 Denver, CO

• Median List Price: $600,000
• Price Cuts: 29.4% of listings
• Avg. Days on Market: 38
• Notable: High inventory (63.9% growth)

 Austin, TX

• Median List Price: $525,000
• Price Cuts: 29.2% of listings
• Avg. Days on Market: 46
• Notable: Modern homes with $25K reductions

 Jacksonville, FL

• Median List Price: $405,000
• Price Cuts: 28.8% of listings
• Avg. Days on Market: 60
• Notable: Sellers responding to longer DOM

 Charleston, SC

• Median List Price: $539,000
• Price Cuts: 27.3% of listings
• Avg. Days on Market: 45
• Notable: More modest reductions but increasing

 Salt Lake City, UT

• Median List Price: $585,000
• Price Cuts: 27.1% of listings
• Avg. Days on Market: 44
• Notable: Balanced market signals cooling

 Dallas, TX

• Median List Price: $440,000
• Price Cuts: 27% of listings
• Avg. Days on Market: 45
• Notable: Discounts even on new builds

 Palm Bay, FL

• Median List Price: $389,000
• Price Cuts: 27% of listings
• Avg. Days on Market: 65 (Some listings 120+ days)
• Notable: Extended time on market driving reductions

 Portland, OR

• Median List Price: $610,707
• Price Cuts: 26.8% of listings
• Avg. Days on Market: 44
• Notable: High pricing meets buyer resistance

 What This Means for You in Northern Kentucky:

These national trends may signal a shift toward a more balanced or even buyer-favored market, especially in areas with growing inventory. If you’re thinking about buying, now is a great time to strategize for negotiation power. For sellers, pricing correctly and standing out with presentation is more important than ever.

I’m watching the local market closely and bringing this national perspective home. If you’re curious how your home compares or want to time your next move strategically, let’s talk.

Message me anytime to learn more.