What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
30 Percent of DC Area Listings Have Had Their Price Reduced
More good news for buyers came out today. Real estate search engine Trulia.com announced that 23.6 percent of homes on the market in the U.S. have had their price cut at least once since being listed. The survey shows that at least 30 percent of listings in the Washington area have had at least one price reduction.
The average reduction nationally is about 10 percent of the listing price, and that holds true for the DC area as well.
The Trulia survey also looked at the reduction rates in the top 50 U.S. cities. Just over 30 of those cities have seen 25 percent or more of home listings reduced in price. They include:
- Jacksonville, Florida – 36 percent
- Tucson, Arizona – 32 percent
- Boston, Massachusetts – 32 percent
- Los Angeles, California – 32 percent
- Columbus, Ohio – 31 percent
- Dallas, Texas – 31 percent
- Honolulu, Hawaii – 31 percent
- Minneapolis, Minnesota – 31 percent
- Austin, Texas – 30 percent
- Washington, DC – 30 percent
- Baltimore, Maryland – 30 percent
- Las Vegas, Nevada – 30 percent
This article originally published at https://dc.urbanturf.com/articles/blog/30_percent_of_dc_area_listings_have_had_their_price_reduced/993.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro