Realtor.com analyzed 300 metropolitan areas for price reductions on existing real estate listings. The list was used to rank the top 10 markets with price discounts.
1. Midland, TX
Median home price: $233,000
Share of homes with price cuts: 34.9%
2. Phoenix, AZ
Median home price: $299,900
Share of homes with price cuts: 34.3%
3. Anchorage, AK
Median home price: $301,900
Share of homes with price cuts: 33.3%
4. Austin, TX
Median home price: $386,600
Share of homes with price cuts: 31.5%
5. Springfield, IL
Median home price: $141,000
Share of homes with price cuts: 30.6%
6. Denver, CO
Median home price: $490,500
Share of homes with price cuts: 29.5%
7. Vallejo, CA
Median home price: $419,100
Share of homes with price cuts: 29.3%
8. Baltimore, MD
Median home price: $282,400
Share of homes with price cuts: 29.2%
9. Palm Bay, FL
Median home price: $261,500
Share of homes with price cuts: 27.9%
10. San Diego, CA
Median home price: $619,000
Share of homes with price cuts: 27.6%