What Does The Recent Rash Of Price Reductions Mean To The Real Estate Market?
Last week, in a new report from Zillow, it was revealed that there has been a
rash of price reductions across the country. According to the report:
· There are more price cuts now than a year ago in over two-thirds of the
nation&rsqup;s largest metros
· About 14% of all listings had a price cut in June
· Since the beginning of the year, the share of listings with a price
cut increased 1.2%
· This is the greatest January-to-June increase ever reported, and more than
double the January-to-June increase last year
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