One in Four Sellers Have Reduced Their Prices

Dennis Norman

According to a report released by Trulia.com, 24 percent of the homes for sale as of July 1, 2010 have experienced at least one price cut. This is a 9 percent increase from the prior month.  The average discount for price-reduced homes continues to hold at 10 percent off of the original listing price.

Western U.S. Leads with Price Reduction Increases

For the first six months of this year, cities in the Western U.S. saw a reduction in their price declines, however for this month those same cities have experienced some of the largest surges in price reductions in the U.S. when compared to the prior month.  Oakland saw a 38 percent increase in price reductions, San Diego 25 percent, Honolulu (wow, way west) 21 percent and Las Vegas reductions increased by 20 percent.

Most of the largest U.S.cities saw Price Reduction Increases

Twenty two of the top 50 cities across the U.S. experienced price reduction levels at 30 percent or more, compared to just 10 cities in the previous month. Minneapolis leads the way with 40 percent of its home listings experiencing at least one price cut. This is the third straight month that Minneapolis has held the top spot and no other city has reached the 40 percent mark since Trulia started tracking home price reductions in April 2009. With an average discount for price-reduced homes at nine percent, the city’s total dollar amount slashed from home prices was $30.1 million.

    Luxury Market Still Hardest Hit

    Luxury homes (those listed at $2 million and above) continue to be hit the hardest by price reductions with the average discount being 14 percent off list price.

    To see Trulia’s report showing price reductions for the 50-largest cities in the U.S. as of July 1, 2010 click here.

     

    Print Friendly, PDF & Email

    28 comments to One in Four Sellers Have Reduced Their Prices

    • Have you ever considered publishing an ebook or guest authoring on other sites?
      I have a blog centered on the same information you discuss and would really like to have you share some stories/information. I know my readers
      would appreciate your work. If you’re even remotely interested, feel free to send me an email.

    • … [Trackback]

      […] Here you can find 91004 more Information on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • This piece of writing is actually a fastidious one it
      helps new internet visitors, who are wishing for blogging.

    • Inspiring story there. What happened after? Take care!

    • g

      Thanks for finally writing about > One in Four Sellers Have Reduced Their Prices «
      St Louis Real Estate News < Liked it!

    • g

      Hi there to all, it’s really a nice for
      me to pay a visit this web page, it consists of valuable Information.

    • Hello there, I do think your blog may be having browser compatibility problems.
      When I take a look at your website in Safari, it looks fine but when opening in I.E.,
      it has some overlapping issues. I simply wanted to provide you with a
      quick heads up! Other than that, fantastic blog!

    • I am curious to find out what blog system you happen to be using?
      I’m having some minor security issues with my latest blog and I would like to find something more secure.

      Do you have any recommendations?

    • Please let me know if you’re looking for a article writer for your blog.

      You have some really good articles and I believe I would be a good asset.
      If you ever want to take some of the load off, I’d really like to write some material for your
      blog in exchange for a link back to mine. Please blast me an email if interested.
      Regards!

    • Superb blog you have here but I was wondering if you knew of
      any message boards that cover the same topics discussed here?
      I’d really love to be a part of community where I can get suggestions
      from other experienced individuals that share the same interest.

      If you have any recommendations, please let me know. Appreciate it!

    • … [Trackback]

      […] Here you can find 13583 additional Info on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • 100 mg viagra

      One in Four Sellers Have Reduced Their Prices « St Louis Real Estate News

    • WOW just what I was searching for. Came here by searching for web hosting company

    • Why users still use to read news papers when in this technological world everything is existing on net?

    • … [Trackback]

      […] Information on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • I don’t know whether it’s just me or if perhaps everyone else encountering issues with your blog.
      It seems like some of the text within your content are running off
      the screen. Can somebody else please comment and let me know if this
      is happening to them too? This might be a issue with my browser because I’ve had this happen previously.
      Kudos

    • WOW just what I was looking for. Came here by searching for
      hosting services

    • … [Trackback]

      […] Find More Info here on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • I simply want to tell you that I’m beginner to blogging and definitely loved you’re blog site. Probably I’m likely to bookmark your site . You surely have great writings. Kudos for revealing your web page.

    • … [Trackback]

      […] There you will find 10460 more Information to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Here you can find 24915 more Information to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Read More here to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Info on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • Hi, i read your blog from time to time and i own a similar one and i was just curious if you get a lot
      of spam remarks? If so how do you prevent it, any plugin or anything
      you can advise? I get so much lately it’s driving me mad so any help
      is very much appreciated.

    • … [Trackback]

      […] There you will find 19314 additional Information on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Read More here on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Read More on to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    • … [Trackback]

      […] Information to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/one-in-four-sellers-have-reduced-their-prices/ […]

    Leave a Reply

    You can use these HTML tags

    <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>