Almost half of San Antonio-area homes experienced price cuts amid cooling real estate market

The Alamo City area's once-scorching housing market is continuing to cool.

According to a new report by online broker Redfin, 44% of homes on the market in the San Antonio-New Braunfels metro underwent a cut in asking price in July. That's nearly double the percentage of homes with price cuts during July 2021.

Other big Texas metros experienced similar price reductions.In Austin, 46% of listed homes tallied price cuts in July, and around 45% in Dallas and Fort Worth experienced reduced asking prices. Austin, Dallas, Fort Worth and San Antonio were all among the top 20 U.S. cities with the highest percentage of price reductions for the month, according to Redfin.

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