Sellers in 26 markets in the US have reduced the asking price for their property with prices cut for 323,316 homes or 47.8% of the housing inventory, according to ZipRealty.

The brokerage has tracked discounts on over 675,000 homes for sale in those markets, a 25% increase on September 2009, with homes having their price cut by at least twice, giving an average reduction of $19,165, or 7.25% of the listing price.

The median price in the 26 markets was $245,265, down 1.75% from August, with the lowest prices seen in Las Vegas, where the median reached $140,000.

‘The summer home-selling season never kicked in this year, leading anxious sellers to slash prices.’ according to ZipRealty.

The heaviest discounts came in Florida, with Miami sellers cutting prices by 12% on average, the highest discounts of any market, whilst Jacksonville and Orlando also recorded ouble-digit reductions.