Homes with at least one price reduction made up 24 percent of all listings on the market as of July 1, according to real-estate website Trulia.com. The report shows 22 of the top 50 cities experiencing price cuts of 30 percent or more, though the average reduction was unchanged from May at 10 percent the original listing price. Pete Flint, co-founder and CEO of Trulia, says buyers definitely have the upper hand as more and more sellers are reducing their prices to attract attention. More here, here, and here.
Show All Comments
Sort:
Meadow Lake Real Estate, LLC - Pinedale, WY
It does matter who you hire.
Guaranteed Rate, Inc - Charlotte, NC
The Michael Pond Team
I am optimistic that we have hit the bottom on prices. Overall prices have started increase slightly. I don't think we are any where close to be done with mortgage crisis - we have a few years to go. Thanks to many of my competitors exiting the business, my volume is the same as the peak of our market. Dig in and market - you will find success even in a down market. Good luck!
Jul 15, 2010 03:52 PM
Service Areas
Real Estate Resources
Recent Posts
News, tips and program highlights
Comments(2)