How Much Are Home Prices Dropping in Cities Where Sellers Are Slashing Them?

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Good news for prospective homebuyers: after many months of skyrocketing house prices, they are finally in the downturn in many places across the country. However, some US cities are seeing larger declines than others.
Explore: The Best Credit Cards by GOBankingRates for 2023
Related: Should You Still Buy a Home in Today's Market?
To find the cities where sellers are dropping prices the most, GOBankingRates analyzed 95 of the largest U.S. metropolitan areas to find out where the largest proportions of listings with price drops are and how much those prices are being reduced. Here's a look at how much house prices are falling in the top 10 cities.
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10. Boise, Idaho
Share of offers with price reductions: 18%
Average price reduction: 2.8%
Average price reduction: 2.5%
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9. Syracuse, New York
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8. Buffalo, New York
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7. Albany, New York
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6. New Orleans
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5. Toledo, Ohio
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4. Cleveland
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3.Detroit
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2. Akron, Ohio
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1. Pittsburgh
This article originally appeared on GOBankingRates.com: How much do home prices fall in cities where sellers are cutting them sharply?

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