The national data is intriguing

From February 1 to March 1 of this year, these five cities experienced the biggest drop in price reductions:

1. Charlotte, NC – 28% drop

2. Colorado Springs, CO – 19% drop

3. Houston, TX – 19%

4. Raleigh, NC – 19%

5. Jacksonville, FL – 17%

For $1M+ homes, these five cities experienced larger discounts compared to the national average:

1. Columbus, OH – 35% off

2. Mesa, AZ – 22% off

3. Cleveland, OH – 20% off

4. Baltimore, MD – 18% off

5. Las Vegas, NV – 18% off

Nationally, the top five cities with the highest number of listings experiencing price reductions:

1. Milwaukee, WI – 33% of listings with price reductions

2. Phoenix, AZ – 31%

3. Mesa, AZ – 31%

4. Memphis, TN – 31%

5. Baltimore, MD – 30%