Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

Prospective buyers in the majority of major U.S. metropolitan areas are finding homes selling for less than the original list price. While this adjustment creates potential opportunities for those entering the market, financial barriers continue to limit access for many individuals despite the shifting pricing landscape. This trend stems from a cooling of expectations among property owners, who are now increasingly willing to accept lower offers.

According to Briefs Finance and CNBC, this pattern has emerged across 38 of the 50 largest cities in the country. Data from Inman Real Estate News and NJ.com identifies specific geographic markets where sellers are currently the most motivated to close deals, while the San Antonio Current notes that San Antonio remains positioned as a favorable market for those seeking to purchase property. Coverage does not yet specify how long this period of price concessions will persist or if the current volume of below-asking sales will stabilize.

It is also unclear how broader economic conditions might further influence seller flexibility in the remaining 12 cities that are not seeing similar price adjustments.