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Story summary
- February 2026 saw 34.2% of home sellers reduce prices, the highest rate since 2012, with an average cut of $40,915.
- High mortgage rates and uncertainty drive these cuts, especially in Sun Belt markets like Florida and Texas.
- Midwestern cities such as Kansas City show price gains, unlike the national trend.
- The American Enterprise Institute reports a 1.1% nationwide price appreciation over the past year, signaling broader market stability.
