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.
Theresa Springer’s Blog
24 Percent Of Sellers Cut Prices In June
July 15, 2010
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