What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
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
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
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