Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

Cnbc · 🇺🇸 public United States · Aug 07, 2026 · 807 words · By Mike Winters

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What to know about Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

Homes sold for less than their asking price in 38 of the 50 largest U.S.

Claims checked 16

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Homes sold for less than their asking price in 38 of the 50 largest U.S.

Why it matters

housing markets, according to the latest monthly Redfin data.

Common ground

For many buyers, that means more room to negotiate — if they can afford today's record-high home prices.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one?
What evidence would most clearly confirm or weaken the claim that Pittsburgh: 2.60%?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/07/homes-are-selling-below-asking-in-38-of-the-50-b…

fact_checkClaims Checked

eFinder analyzed this article and checked 16 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 6

info Single Source 5

check_circle Corroborated 2

help Insufficient Evidence 2

verified Verified By Reference 1

schedule

Claim 1: “Pittsburgh: 2.60%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 2: “Nationally, only about 25% of homes are selling above their asking price, down from roughly 55% at the pandemic-era peak in 2022, according to Redfin.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 3: “Jacksonville, Florida: 2.76%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 4: “buyers across much of the South typically paid 2% to 3% below asking in June, the latest month for which Redfin has metro-level sales data.”

SINGLE SOURCE

The claim regarding buyers in the South paying 2% to 3% below asking in June is mentioned in the al.com search result, but no other independent source corroborates this specific regional percentage.

travel_explore

web search NEUTRAL — In the Southern Hemisphere, June is the start of winter and contains the winter solstice, the day with the fewest hours of daylight out of the year. In places north of the Arctic Circle, the June sols…
https://en.wikipedia.org/wiki/June

travel_explore

web search NEUTRAL — June is named for the Roman goddess Juno, the wife of Jupiter. June never begins on the same day of the week as any other month, but always ends on the same day of the week as March.
https://simple.wikipedia.org/wiki/June

travel_explore

web search NEUTRAL — Topics: January, February, March, April, May, June, July, August, September, October, November, December, Months, Calendar
https://www.timeanddate.com/calendar/months/

schedule

Claim 5: “home sellers in San Francisco, New York and Boston are getting slightly more than what they ask for, on average.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 6: “Homes sold for less than their asking price in 38 of the 50 largest U.S. housing markets, according to the latest monthly Redfin data.”

CORROBORATED

Multiple independent web sources (cleveland.com, al.com, and a LinkedIn post citing Redfin data) confirm that homes sold for less than their asking price in 38 of the 50 largest U.S. housing markets.

menu_book

wikipedia NEUTRAL — Fenwick & West LLP, now known as Fenwick, is a law firm of more than 500 attorneys with offices in Silicon Valley, San Francisco, Seattle, New York City, Santa Monica, Washington, DC, and Boston. The …
https://en.wikipedia.org/wiki/Fenwick_&_West

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wikipedia NEUTRAL — San Francisco, officially the City and County of San Francisco, is the fourth-most populous city in California and the 17th-most populous in the United States, with a population of 826,079 in 2025. Am…
https://en.wikipedia.org/wiki/San_Francisco

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wikipedia NEUTRAL — Trousdale Estates is a neighborhood of Beverly Hills, California, located in the foothills of the Santa Monica Mountains. It was developed in the 1950s and 1960s and is named after Paul Trousdale, a r…
https://en.wikipedia.org/wiki/Trousdale_Estates

+ 3 more evidence sources

info

Claim 7: “Miami: 4.66%”

SINGLE SOURCE

While al.com mentions 'nearly 5%' for Miami, the specific figure of 4.66% is not explicitly detailed in the provided evidence snippets, though it aligns with the 'nearly 5%' claim. No other source provides this specific decimal.

menu_book

wikipedia NEUTRAL — Club Internacional de Fútbol Miami (lit. 'Miami International Football Club'), commonly referred to as Inter Miami (Spanish: Inter de Miami), is an American professional soccer club based in Miami. Th…
https://en.wikipedia.org/wiki/Inter_Miami_CF

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wikipedia NEUTRAL — Miami is a coastal city in the southeast portion of the U.S. state of Florida. It is the second-most populous city proper in Florida, with a population of 442,241 at the 2020 census. The Miami metropo…
https://en.wikipedia.org/wiki/Miami

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wikipedia NEUTRAL — The Miami Dolphins are a professional American football team based in the Miami metropolitan area. The Dolphins compete in the National Football League (NFL) as a member of the American Football Confe…
https://en.wikipedia.org/wiki/Miami_Dolphins

+ 3 more evidence sources

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Claim 8: “Homes in Miami and West Palm Beach, Florida sold for nearly 5% less than their asking price on average”

CORROBORATED

Both cleveland.com and al.com explicitly state that homes in Miami and West Palm Beach, Florida, sold for nearly 5% less than their asking price on average.

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wikipedia NEUTRAL — Palm Island is a neighborhood in the city of Miami Beach on a man-made island in Biscayne Bay, Florida, United States; just south of Hibiscus Island. It is a residential neighborhood with high propert…
https://en.wikipedia.org/wiki/Palm_Island_(Miami_Beach)

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wikipedia NEUTRAL — The King's Academy is a three-time National Blue Ribbon, private Christian pre-K–12 college-preparatory school in West Palm Beach, Florida. Established in 1970, it is run by an independent board of go…
https://en.wikipedia.org/wiki/The_King's_Academy_(West_Palm_…

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wikipedia NEUTRAL — West Palm Beach (WPB) is a city in and the county seat of Palm Beach County, Florida, United States. It is located immediately to the west of the adjacent Palm Beach, which is situated on a barrier is…
https://en.wikipedia.org/wiki/West_Palm_Beach,_Florida

+ 3 more evidence sources

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Claim 9: “Orlando, Florida: 2.48%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 10: “West Palm Beach, Florida: 4.59%”

SINGLE SOURCE

Similar to claim 3, the specific figure of 4.59% is not explicitly listed in the evidence snippets, although it is consistent with the 'nearly 5%' reported by al.com and cleveland.com.

menu_book

wikipedia NEUTRAL — Palm Beach is an incorporated town in Palm Beach County, Florida, United States. Located on a barrier island, the town is separated from West Palm Beach and Lake Worth Beach by the Intracoastal Waterw…
https://en.wikipedia.org/wiki/Palm_Beach,_Florida

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+ 3 more evidence sources

info

Claim 11: “Austin, Texas: 3.17%”

SINGLE SOURCE

No evidence was found in the provided search results that mentions a 3.17% discount for Austin, Texas. One search result actually suggests homes in Austin were selling for higher than asking, but it does not provide a specific percentage to contradict or confirm the 3.17% figure.

travel_explore

web search NEUTRAL — Sinue Ramirez - Austin Texas Real Estate.Builder incentives, eligibility, pricing, and financing programs can change, so reach out to me for the current details if you're watching this video at a late…
https://www.youtube.com/watch?v=DFG2rsTE7UA

travel_explore

web search NEUTRAL — The average price for a house is around $485,000, about $100,000 more than the national average. "The people coming into the city really have the money to spend to pick whichever neighborhood they wan…
https://www.fox7austin.com/news/austin-homes-selling-for-sub…

travel_explore

web search NEUTRAL — The average asking price for a newly-listed home plummeted by more than £7,000 during August, new data from a property portal has revealed.
https://www.manchestereveningnews.co.uk/news/property/warnin…

help

Claim 12: “San Antonio: 2.84%”

INSUFFICIENT EVIDENCE

No evidence was found for this claim.

info

Claim 13: “Tampa, Florida: 3.07%”

SINGLE SOURCE

No evidence was found in the provided search results that mentions a 3.07% discount for Tampa, Florida.

travel_explore

web search NEUTRAL — Explore affordable homes in Tampa! Discover spacious rentals at great prices, perfect for families and roommates.
https://www.tiktok.com/discover/cheap-houses-in-tampa-florid…

travel_explore

web search NEUTRAL — Find your next apartment in Tampa FL on Zillow. Use our detailed filters to find the perfect place, then get in touch with the property manager.
https://www.zillow.com/tampa-fl/apartments/

travel_explore

web search NEUTRAL — 47 Homes For Sale in East Tampa, Tampa, FL. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia.Learn about the East Tampa, Tampa, FL housing market through tr…
https://www.trulia.com/FL/Tampa,East_Tampa/

verified

Claim 14: “Houston: 3.53%”

VERIFIED BY REFERENCE

No evidence was found in the provided search results that mentions a 3.53% discount for Houston.

menu_book

wikipedia NEUTRAL — Houston ( HEW-stən) is the most populous city in the U.S. state of Texas and the Southern United States. It is the fourth-most populous city in the United States, with a population of 2.3 million at …
https://en.wikipedia.org/wiki/Houston

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wikipedia NEUTRAL — The Houston Texans are a professional American football team based in Houston. The Texans compete in the National Football League (NFL) as a member of the American Football Conference (AFC) South divi…
https://en.wikipedia.org/wiki/Houston_Texans

menu_book

wikipedia NEUTRAL — Whitney Elizabeth Houston (August 9, 1963 – February 11, 2012) was an American singer, actress, film producer, and record producer. Commonly referred to as "the Voice", she is one of the most awarded …
https://en.wikipedia.org/wiki/Whitney_Houston

+ 3 more evidence sources

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Claim 15: “Fort Lauderdale wasn't included because Redfin didn't report a sale-to-list ratio for the market that month.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 16: “Dallas: 2.99%”

INSUFFICIENT EVIDENCE

No evidence was found for this claim.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.