The 15 markets where home sellers are cutting prices the fastest

As the housing market heads into winter, price cuts are at their highest level in nearly four years. According to Realtor.com’s September 2026 housing data, 20.8% of U.S. listings had a price reduction that month, up from a year earlier. HomeLight used that same dataset, along with local market data, to identify the 15 major metros where home sellers are cutting prices the fastest. These markets show where sellers have less room to start too high, wait too long to adjust, or rely on expectations set in a different market. 15. Buffalo-Cheektowaga, New York Buffalo-Cheektowaga is among the major metros where price cuts are increasing the fastest, despite a relatively low overall rate. The share of listings with price reductions rose 1.8 percentage points from a year earlier, to 12.9%. Local housing data show a market with more homes for sale but still-rising prices. Buffalo Niagara Realtors reported that inventory was up 21.5% from a year earlier in September, while the median sale price