{"id":478701,"date":"2022-07-28T13:05:00","date_gmt":"2022-07-28T10:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools\/"},"modified":"2022-07-28T13:05:00","modified_gmt":"2022-07-28T10:05:00","slug":"home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools\/","title":{"rendered":"#: Home prices are being slashed in these 10 cities as real-estate market cools"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40f156a05f4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40f156a05f4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools\/#%E2%80%9C_Home_prices_are_being_slashed_in_these_10_cities_as_real-estate_market_cools%E2%80%9D\" >&#8220;: Home prices are being slashed in these 10 cities as real-estate market cools&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools\/#Home_sellers_slashed_prices_in_June_in_areas_that_were_red-hot_earlier_in_the_pandemic_according_to_Realtorcom\" >Home sellers slashed prices in June in areas that were red-hot earlier in the pandemic, according to Realtor.com.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/home-prices-are-being-slashed-in-these-10-cities-as-real-estate-market-cools\/#Aarthi_Swaminathan\" >Aarthi Swaminathan<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Home_prices_are_being_slashed_in_these_10_cities_as_real-estate_market_cools%E2%80%9D\"><\/span>&#8220;: Home prices are being slashed in these 10 cities as real-estate market cools&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Home_sellers_slashed_prices_in_June_in_areas_that_were_red-hot_earlier_in_the_pandemic_according_to_Realtorcom\"><\/span>\n  Home sellers slashed prices in June in areas that were red-hot earlier in the pandemic, according to Realtor.com.<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001062059\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001062059\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data.<\/p>\n<p> Sellers slashed home prices in June in areas that saw red-hot price <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and Boise, Idaho, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.realtor.com\/news\/trends\/where-the-most-sellers-are-slashing-prices\/\" class=\"icon none\">according to Realtor.com<\/a>. With more homebuyers pulling back amid higher mortgage rates and recession fears, sellers are reacting to the decline in demand.<\/p>\n<div class=\"paywall\">\n       Realtor.com looked at the 200 largest metro areas in the U.S.\u00a0and calculated which ones had the highest percentage of home listings with price cuts in June.<\/p>\n<p>(Realtor.com is operated by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.barrons.com\/market-data\/stocks\/nwsa\" class=\"icon none\">News Corp\u00a0<\/a><br \/>\n        NWSA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201755982\/composite\" class=\"positive\">+2.10%<\/bg-quote><br \/>\n       subsidiary Move Inc., and MarketWatch is a unit of Dow Jones, which is also a subsidiary of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> Corp.)<\/p>\n<p>\u201cWith buyers pulling back, homes linger for a longer time on the market and more homeowners have to slash prices to get a deal done,\u201d George Ratiu, senior economist at Realtor.com, said.\u00a0<\/p>\n<p>Ratiu noted that the price cuts have been the sharpest in places that attracted many eager out-of-state buyers earlier in the pandemic.\u00a0<\/p>\n<p>He expects more cities to join this list. \u201cFor buyers, the change points to more opportunities in the months ahead, especially the fall and winter,\u201d he added.<\/p>\n<p>The metro area with the highest percentage of price cuts in June was Reno. The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n home list price was $677,500. About a third of the homes listed in Reno had their prices reduced by sellers.<\/p>\n<p>Austin follows closely, with 32.4% of homes in the area having their prices reduced. The median list price for a home in Austin was $620,000.<\/p>\n<p>Phoenix , Ariz. was a major hotspot earlier in the pandemic. Now, there\u2019s a surge in homes being listed on the market. One<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.12news.com\/article\/news\/local\/valley\/homes-listings-in-phoenix\/75-018b019f-4e61-4843-b379-1d60267e83c9\" class=\"icon none\"> local outlet <\/a>said that there have been more homes on the market now in Phoenix than before the Great Recession. 29.5% of homes in Phoenix had prices slashed in June. The median home list price was $548,000.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cSellers are worried. They missed the peak of the market,\u201d Phoenix real-estate agent Kristy Ryan, who is with Re\/Max Fine Properties, said. \u201cSo they\u2019re putting their homes for sale as fast as they can, while their properties can still fetch a high price.\u201d<\/p>\n<p>\u201cThe bidding war days are gone on most homes,\u201d Ryan added. \u201cIf the seller needs to sell, they\u2019re slashing their prices to get a buyer in there.\u201d<\/p>\n<p>Anchorage, Alaska is fourth on the list, with 28.5% of homes in the area having their prices slashed. The median home list price was $436,000.<\/p>\n<p>Boise, Idaho, another hot market like Phoenix, is also seeing a big share of homes going on sale. The decline in home prices was something John Burns Real Estate Consulting\u2019s Rick Palacios, Jr. warned MarketWatch about last month.\u00a0<\/p>\n<p>No. 6 on the Realtor.com list is Ogden, Utah, where 27.4% of listings are getting a price cut. The median home list price is $580,000.\u00a0<\/p>\n<p>Sacramento, Calif., Colorado Springs, Colo., Evansville, Ind., and Medford, Ore., round out the bottom of the top 10 list. Aside from Evansville, where the median home list price was $246,000, the other spots all had median list prices of more than half a million dollars.<\/p>\n<p>A quarter of homes in all the cities had their prices slashed, according to Realtor.com.\u00a0<\/p>\n<p><strong><em>Write to MarketWatch reporter Aarthi Swaminathan at aarthi@marketwatch.com<\/em><\/strong><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Aarthi Swaminathan\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/aarthi-swaminathan\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/aarthiswami\",\"text\":\"@aarthiswami\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Aarthi_Swaminathan\"><\/span>Aarthi Swaminathan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"270_MW\" author-name=\"Aarthi Swaminathan\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fthe-top-10-cities-where-home-prices-are-being-slashed-amid-cooling-real-estate-market-11658947919%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-7103-4AB7D6008A91%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Home prices are being slashed in these 10 cities as real-estate market cools&#8221; Home sellers slashed prices in June in areas that were red-hot earlier in the pandemic, according to Realtor.com. The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-560054\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-478701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478701"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478702"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}