10 Cities Where Home Sellers Are Cutting Prices Most in 2026 — Buyers Take Note
For years, sellers have dominated U.S. housing negotiations. But a new report from Best Interest Financial reveals that momentum is finally shifting — at least in certain markets. Researchers found that homes are now selling below list price in 41 of the 50 most populous metros, giving buyers newfound negotiating power.
But the window for deals may not stay open everywhere. The report found that price-drop activity has cooled in more than half of the major metros analyzed, while sale-to-list-price ratios have already climbed in more than a third.
Check Out: 27 States With the Fastest-Growing Suburbs in America
Learn More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
For buyers hoping to negotiate, the best opportunities may be in cities where a large share of active listings have already seen price cuts. However, it's worth noting that a high share of price drops does not always mean homes are selling far below asking price. In some markets, sellers may be cutting overly ambitious list prices, while competitive homes can still close at or above asking.
For buyers, the key is knowing where sellers are showing more willingness to make a deal. These 10 metros stand out as the strongest buyer's markets, where sellers appear most willing to negotiate.
1. San Antonio
Active listings with price drops: 28.2%
Average price drop: 4%
Median list price: $315,696
Median sale price: $309,047
2. Indianapolis
Active listings with price drops: 26.6%
Average price drop: 3.5%
Median list price: $309,012
Median sale price: $324,001
3. Austin, Texas
Active listings with price drops: 26.5%
Average price drop: 3.9%
Median list price: $454,262
Median sale price: $443,632
4. Tampa, Florida
Active listings with price drops: 26.4%
Average price drop: 3.8%
Median list price: $388,614
Median sale price: $385,561
5. Dallas
Active listings with price drops: 26.1%
Average price drop: 3.5%
Median list price: $421,017
Median sale price: $423,694
6. Raleigh, North Carolina
Active listings with price drops: 26.1%
Average price drop: 3.2%
Median list price: $442,595
Median sale price: $447,122
7. Denver
Active listings with price drops: 25.1%
Average price drop: 3.3%
Median list price: $577,517
Median sale price: $608,125
8. Portland, Oregon
Active listings with price drops: 25.1%
Average price drop: 3.6%
Median list price: $572,337
Median sale price: $568,248
9. Houston
Active listings with price drops: 24.8%
Average price drop: 4%
Median list price: $354,570
Median sale price: $341,996
10. Phoenix
Active listings with price drops: 23.9%
Average price drop: 3.2%
Median list price: $473,004
Median sale price: $467,559
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
More From MoneyLion: