Since peaking at 36.5 percent in July, the number of home sellers that cut their asking price at least once has fallen for two consecutive months. According to real-estate website Zillow.com, prices on 28 percent of the homes listed in September had been reduced, down from 34.9 percent in August. The median price cut was also down, falling to 6.8 percent from 7.2 percent the month before. More here.
Theresa Springer’s Blog
Fewer Sellers Cut Price For 2nd Straight Month
October 7, 2010
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