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2010-01-22 09:10:25
Price Reductions Decline

Home Price Reductions Decline
About one in five homes (21 percent) currently on the market as of Jan. 1 has had at least one price cut, according to a new 
Trulia survey. This is the second straight month in which price reduction levels have decreased. The total amount trimmed from home prices also dropped 14 percent to $21.2 billion in January, down from $24.7 billion a month ago. The average discount for price-reduced homes is This month is 11 percent. 

The luxury home market (homes listed at $2 million and higher) continues to be hit hard by price reductions, with an average price cut of 15 percent. The average discount for homes prices at less than $2 million remains at 10 percent. 

Jacksonville, Fla., leads the nation with the highest percentage of listings with price reductions at 36 percent; the average price cut in that market is 11 percent. 
THU, JAN 14, 2010

 
Blog Archive
2010-01-22 09:11:46
Then and Now

2010-01-22 09:10:25
Price Reductions Decline

2010-01-22 09:09:13
New FHA Guidelines

2010-01-22 09:07:01
Delinquencies and Foreclosures

2009-10-14 16:40:23
What are Short Sales?

2009-10-14 15:57:31
Short Sale Statistics


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