Home Price Reduction Levels Rise for Fourth Straight Month
By Gary Giffin
(Real Estate Buy Sell Invest www.SanDiegoHomeSold.com)
Home Price Reduction Levels Rise for Fourth Straight Month RISMEDIA, September 16, 2009—Trulia, Inc., a leading place to start your real estate search, announced that 26% of homes currently on the market in the United States as of September 1, 2009 have experienced at least one price cut. Price reduction levels have increased for the fourth straight month and have seen a 10% overall increase compared to June of this year. During the summer months of June to September, the total amount slashed from home prices has increased by more than $1.1 billion from $27.4 billion to $28.5 billion. The average discount for price-reduced homes remains at ten percent off of the original listing price. Jacksonville experienced the highest level of price reductions for the fourth straight month with ...
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