Alaska's 39.4% price-cut rate tops Hawaii's 31.9% even as both markets balance seller leverage with longer selling timelines. Alaska's housing market saw 39.4% of active listings reduce their asking prices during the week ending Nov. 7, 2025, outpacing Hawaii's 31.9% price cut rate despite Alaska homes carrying a median list price of $469,000 compared to Hawaii's $1,285,000. The pricing strategy divergence between America's two non-contiguous states reveals distinct market dynamics.
Price reductions swept through the Knoxville metro housing market during the week ending Nov. 7, 2025, with 51.9% of active listings carrying reduced asking prices, well above typical market conditions where cuts affect roughly 30-35% of inventory. The Tennessee metro recorded 2,492 active single-family homes for sale, marking a 19.7% jump from 2,082 properties available during the same week in 2024. Despite the inventory buildup, buyers absorbed 293 homes during the week, representing a 33.8% increase from the 219 homes absorbed a year earlier.
The PhoenixMesaGlendale metro housing market presents a striking paradox: while 48.99% of active listings have reduced prices, the median list price holds firm at $522,000, sitting 20% above the national median of $435,000. This pricing dynamic signals a market recalibration where sellers are adjusting expectations despite maintaining relatively high price points. The Arizona metro recorded 16,811 active single-family homes as of Oct. 31, 2025, with 1,158 new listings entering the market during the week.