Industry News

Price Reductions

What Does The Recent Rash Of Price Reductions Mean To The Real Estate Market?

Prices Cut

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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Starry Realty

Featured Listing

Beaumont St Home

2607 Beaumont St
Allouez, WI

Well maintained home in a beautiful Allouez location! Home features spacious living room with fireplace & crown molding; formal dining room with built-in hutch; updated kitchen with lots of painted white cabinets for storage, tile backsplash & floor, desk area, dinette area & appliances included; family room with fireplace, wet bar & doors to backyard; main level half bath & laundry with door to back patio area. All bedrooms up with master having dual closets, vanity area, private bath & doors to deck. Partially finished lower level with rec room. 2.5 stall attached garage and 1.5 stall detached garage. Gorgeous landscaped lot with patio & mature trees.

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