Housingwire.com just released new numbers that reveal that homeowners across the country continue to reduce the listing prices of their homes merely to attract enough attention to make a sale.

Listing Prices Slashed as Homeowners Become Anxious to Sell

Just what are the numbers telling us? As of July 1, 2009, Trulia reported that nearly 25 percent of sellers across the United States dropped the price of their home in order to make a sale. The total number of reductions on these homes totaled a whopping $27 billion.

The findings also go on to report that sellers slashed the prices of their homes, on average, about 10 percent. June figures were similar, with sellers also reducing the price of their homes about 10.6 percent.

Jacksonville Prices Heading South

Unfortunately, in the midst of all this bad news, is the real estate market is Jacksonville. In fact, Jacksonville, Boston and Minneapolis saw the largest price reductions. Sellers in these large cities slashed the prices of their homes about 39 percent of the time, thereby showing more than $119 million in price reductions.

The Bright Spots Across the U.S.

Other markets that are showing signs of relief in an otherwise dismal housing market are Las Vegas and Los Angeles, both of which saw a 33 percent reduction in the number of sellers who reduced the price of their home in order to sell. Las Vegas showed a 33 percent improvement and Los Angeles posted a 25 percent improvement compared to just a month earlier.

It is important to keep in mind that, although Jacksonville's housing market is continuing to struggle in order to maintain its footing, that there is a light on the horizon as seen in the price stabilization being experienced in other, large cities such as Las Vegas and Los Angeles.

The residential real estate market in Jacksonville continues to surge as a buyer's market, thereby offering plenty of great deals for buyers interested in the a little piece of the Jacksonville pie.