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Trulia: 25% of Listings Have Experienced Price Reduction

  • August 14th 2009

by Mark Wellborn

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Trulia: 25% of Listings Have Experienced Price Reduction: Figure 1

Trulia.com announced today that one in four homes currently on the market in the U.S. has experienced at least one price reduction. According to the press release from Trulia, the total value that has been cut from active listings has risen to $27.8 billion. Major metro areas have been the hardest hit with 66 percent of the top 50 markets having “percentage-of-price-reduction levels above the national average.”

Despite that news, DC is one of the fortunate areas that is actually going the other way with notable declines in the number of listings where the price has been reduced in the last three months (17% fewer listings to be exact). The other cities showing signs of recovery include:

  • Dallas, TX – 42% fewer price reductions
  • Las Vegas, NV – 33% fewer price reductions
  • Louisville, KY – 33% fewer price reductions
  • Los Angeles, CA – 19% fewer price reductions

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/trulia_25_of_listings_have_experienced_price_reduction/1237.

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