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

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

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

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