Salt Lake City, Indianapolis and Denver had the highest shares of home listings with a price cut among the 50 largest U.S. metros in October, each above three in 10, according to Realtor.com’s October housing report. Salt Lake City’s share was 31.8%, Indianapolis’s 31.7% and Denver’s 30.9%.
A fourth metro, Portland-Vancouver-Hillsboro on the Oregon and Washington border, also topped 30% at 30.6%. Nationally, 20.5% of listings had a cut, so the four cities sit roughly 10 points above the national share.
Which of the four is getting worse?
Two are climbing and two are easing. Salt Lake City’s share rose 1.6 percentage points from a year earlier, the biggest move of the group, and Indianapolis rose 0.6 points. Denver’s share fell 0.6 points and Portland’s fell 0.5 points…