UPDATE: As of this morning, 41.9% of all homes for sale in the United States are undergoing price cuts. This is up 72 basis points week on week.
There are many locations across the country this morning where over 50% of inventory is undertaking price cuts.
These include but is not limited to:
Colorado Springs: 56%
San Antonio: 54.7%
Austin: 54.5%
Denver: 52.4%
Tampa: 51.3%
On the other end:
Atlantic City: 19.5%
Rochester: 17.2%
Lincoln: 22.7%