Percentage of reduced listing prices rises 3 percent
Thursday, September 9, 2010
The percentage of homeowners who reduced their listing prices rose approximately 3 percent in August compared with July, according to a monthly survey conducted by ZipRealty, which examines home listings in 26 major markets.
ZipRealty’s review found that 47 percent of homes listed for sale experienced at least one price reduction in August, up 2.81 percent compared with July. On average, homeowners within all markets studied reduced list prices by $19,092.
The San Francisco, Orange County, San Diego, and Los Angeles markets were among those with the largest median price reduction in absolute dollars.
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