Homes are ‘not moving’ in these 5 American markets with steep price cuts
The housing market is experiencing significant price cuts in certain American cities, particularly in the Sun Belt and Mountain West regions. Despite a national trend of rising prices, some areas are seeing homes not selling due to high supply and low demand. Realtor.com reports that five markets, including Phoenix and Tampa, have notably high percentages of listings with price reductions.
- ▪The national share of active listings with price reductions was 16.7% in April.
- ▪Phoenix and Tampa had 29.1% and 25.13% of listings with price cuts, respectively.
- ▪High supply and weak buyer demand are contributing to the lack of home sales in these markets.
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Real Estate Homes are ‘not moving’ in these 5 American markets with steep price cuts By Eric Revell , Fox Business Published May 25, 2026, 9:33 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Originally Published by: Defective front cameras trigger emergency braking system without warning Sanders warns of 'most transformative economic revolution' in history Fast-casual Mexican brand that planned 'thousands' of spots exits the US The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month.
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