Image is a table by SmartAsset titled "Where Are Housing Markets Cooling Off Most?"
Each score is measured on a scale of 0 to 100. Underlying metrics are listed below.

Price Reduction: Percentage of listings with a price cut, one-year change in the percentage of listings with a price cut, average price cut relative to average home value and one-year change in average price cuts.
Decreased Demand: Ratio of houses sold to new listings, one-year change in number of houses sold, median days on the market and one-year change in median days on the market.