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Home Sellers Still Dropping Prices

By
Real Estate Agent with Keller Williams Realty at the Beach

According to Trulia Inc. home sellers continue to lower their listing prices. For the fourth month in a row, listing prices have dropped by at least one price reduction since the beginning of the month. This is a 10% increase over reductions since June 2009. During the summer months, June to September, the total reduction seen is $1.1 Billion and the average decrease remains at 10% from the original list price. Sellers seem to be getting the message that if they want to sell, they have to address the number one reason for their home sitting on the market- price! It may also appear sellers are listening to the advise of their REALTORS. Keep hammering away colleagues, our message is working!

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