Price Reductions Continue to Climb

Price reductions for home listings currently on the market in the U.S. have increased for the fourth consecutive month to an all-time high of 27 percent and account for a total reduction of more than $30.7 billion nationwide, according to Trulia.com.

A deeper look into the data shows a continual and dramatic price reduction increase in many cities that began in June 2010.

Cities with the highest percentage increase in price reductions are: (June to Oct. 2010)

1. Las Vegas, NV

2. San Diego, CA

3. Sacramento, CA

4. Fresno, CA

5. San Jose, CA

6. El Paso. TX

7. Virginia Beach, VA

8. Honolulu, HI

9. Oakland, CA

10. Omaha, NE

Signup for our Newsletter

Neil D. Lyon CRB, CRS, GRI Cell: 505.660.8600 Direct: 505.954.5505

Sotheby's International Realty 326 Grant Avenue Santa Fe, NM 87501

Design by Santa Fe Web Design


Visit Sotheby's International Realty®

This web site is not the official web site of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this web site. Equal Housing Opportunity.