{"id":1617,"date":"2026-05-26T05:35:10","date_gmt":"2026-05-26T05:35:10","guid":{"rendered":"https:\/\/tampamovingjournal.com\/?p=1617"},"modified":"2026-05-26T05:35:10","modified_gmt":"2026-05-26T05:35:10","slug":"top-5-us-housing-markets-where-home-prices-are-dropping-right-now","status":"publish","type":"post","link":"https:\/\/tampamovingjournal.com\/?p=1617","title":{"rendered":"Top 5 US housing markets where home prices are dropping right now"},"content":{"rendered":"
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New Richmond American Home units stand in Phoenix, Arizona, U.S., on Tuesday, Feb. 16, 2010. Photographer: Joshua Lott\/Bloomberg via Getty Images<\/span> <\/p>

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Home sellers across the country still find themselves needing to cut their asking prices in order to find buyers, with nearly one out of every six of them doing so last month. However, in some cities, that figure is much higher.<\/p>

Big picture view:<\/p>

Realtor.com<\/u> recently released its April 2026 Monthly Housing Report, which identified the metropolitan areas where owners are most likely to be cutting prices and warns people looking to buy a house that the trends may be starting to shift against them.<\/p>

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While the 16.7% of homes nationwide that carried a price reduction in April is high by historical standards, it is lower than the 17.9% of homes that had discounted prices last year. In fact, even in the four markets where the price cuts were most common last month, the percentages of homes carrying a reduced price were lower than last year.<\/p>

What they’re saying:<\/p>

The reduced number of price cuts could also be indicative of something else: less ambitious initial asking prices by homeowners.\u00a0<\/p>

“[This year] has seen both fewer price cuts and lower median list prices, suggesting sellers have internalized the generally more buyer-friendly market conditions and are adjusting price expectations before rather than after listing,”\u00a0Realtor.com<\/u> senior economist Jake Krimmel said.<\/p>

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Why cut prices<\/h2>

Even if sellers are cutting their asking prices less often, in some housing markets approximately a quarter of homes carried discounted prices last month.\u00a0<\/p>

“Put simply, homes are not moving in these markets,” Krimmel added. “That’s down in part due to ample supply but also anemic demand at current prices and interest rates.”<\/p>

By the numbers:<\/p>

With 29% of its available homes having seen a price cut, the Phoenix area tops the list of places where owners seem to need to set the bar lower to move their homes. The Arizona capital was followed by the Tampa-St. Petersburg region (25%), and it was those two cities that topped the list at this time last year as well.<\/p>

“Why are these metros continually topping this price cut list?” he asks. “It’s likely part unrealistic expectations and part wishful thinking, but price reductions do mean sellers are getting the message loud and clear.”<\/p>

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The Top 5 Metro Areas for Real Estate Price Cuts<\/strong>\u00a0<\/h2>