Fewer Price Cuts
March 19, 2010 by admin
Filed under Positive Real Estate
Trulia.com that fewer sellers are slashing prices on their listed homes. Just under 20 percent of homes that were for sale as of March 1st had been reduced at least once. However in the fall months of October and November, up to 26 percent of sellers slashed their asking price.
“The total dollar amount slashed from home prices dropped to $21.6 billion and the average discount for price-reduced homes continues to hold at 11 percent off of the original listing price,” states Trulia.com on its website.
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