U.S. Home Price Cuts Hit 41.44% by Aug. 7 as 2026 Gap to 2025 Narrows to 0.41 Point
Updated
Updated · HousingWire · Aug 12
U.S. Home Price Cuts Hit 41.44% by Aug. 7 as 2026 Gap to 2025 Narrows to 0.41 Point
3 articles · Updated · HousingWire · Aug 12
Summary
41.44% of active U.S. single-family listings had taken a price cut in the week ended Aug. 7, just below 41.85% a year earlier and much closer than the 1.34-point gap seen eight weeks ago.
Higher mortgage rates have pressured demand, but the report says the near-return to 2025 price-cut levels does not by itself signal a broad national price correction.
Kansas City showed 21.2% more inventory yet a 7.45-point drop in price cuts to 35.12%, while Minneapolis posted a 2.64-point rise in cuts to 37.69% alongside stronger pending and absorbed listings.
San Antonio showed the clearest pricing strain: 50.68% of listings had cuts, up 6.37 points year over year, new pending activity fell 9%, and homes moving to pending carried lower list prices than new or active listings.
The takeaway is that national price-cut data is only a starting point; local inventory, pending activity and listing-price trends are giving housing professionals very different market signals.