Homes Sell Below List Price in Majority of Major U.S. Metros
A new report from Best Interest Financial and Clever Real Estate reveals that homes now sell below their list price in 41 out of the 50 most populous U.S. metropolitan areas, indicating a shift toward buyer-friendly conditions across much of the country's housing market. The nine cities where homes still typically sell above asking prices include San Francisco, Hartford, and New York City—markets that remain seller-favored due to limited inventory or strong demand. Detroit leads as the most favorable for buyers, with 20% of listings discounted and a significant average price reduction of 6.2%. Texas also stands out, with all four major cities ranking among those offering the best deals. However, buyer-friendly conditions may not last long in some areas. Over half of the metros saw cooling activity in home price drops over the past year, while more than one-third experienced an increase in sale-to-list-price ratios—signs that seller leverage could be returning.
Topics: buyer-seller dynamics home sales price cuts regional real estate trends