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Price-cut share inches up nationally while local markets diverge
For the week ending Aug. 7, 41.4% of active single-family listings nationally saw price cuts, but Kansas City showed a 7.5-point year-over-year decline despite higher inventory.
HousingWire reports that price-cut activity is edging closer to last year’s levels nationally, while the day-to-day impact varies sharply by local market. In the week ending Aug. 7, 41.4% of active single-family listings had taken a price cut, compared with 41.8% in the same week a year earlier.
The national picture has shifted since eight weeks ago, when the gap between 2026 and 2025 was 1.3 percentage points, and it has narrowed to 0.4 points. HousingWire Data also highlights that rising inventory does not always translate into more price cuts, and more price cuts do not necessarily indicate weaker demand.
Higher mortgage rates have pressured housing demand in recent weeks, but the national market has held up better than might be expected, HousingWire says. The analysis cautions that the price-cut rate alone cannot distinguish between weaker demand, greater seller competition, or transaction activity that remains healthy.
In Kansas City, for the week ending Aug. 7, active inventory rose to 5,598 homes, up 21.2% from 4,618 a year ago. Yet 35.1% of active listings had taken a price cut, down from 42.6% last year, a 7.5-percentage-point decline, while absorbed listings increased 5.4% year over year and new pending activity fell 6.7%.