Price Cuts Hit 31.8% of Listings in Salt Lake City, the Most in America, and Buyers There Wait for the Cut Instead of Lowballing
Key Takeaways Price cuts hit 20.5% of U.S. listings in October 2026, the highest October share since 2022 and the fourth straight month above one in five listings, according to Realtor.com. Salt Lake City led the 50 largest metros at 31.8% of listings cut, ahead of Indianapolis at 31.7% and Denver at 30.9%, while New York was lowest at 12.6%. Twelve of the 50 largest metros saw cuts on a quarter or more of listings, and 34 metros are running above their cut rate from a year ago. Only about 43% of current active listings have ever had a price cut, down from nearly 55% a year ago, so an October cut is a fresher signal than a stale listing finally giving in. More than one in five homes for sale in America got a price cut in October. Realtor.com's November 14 look at where sellers are cutting prices the most put Salt Lake City at the top of the 50 largest metros, with 31.8% of its listings reduced. The national share was 20.5%. That is just 0.2 percentage points above a year ago and d...