Trulia: 25% of Listings Have Experienced Price Reduction
Trulia.com announced today that one in four homes currently on the market in the U.S. has experienced at least one price reduction. According to the press release from Trulia, the total value that has been cut from active listings has risen to $27.8 billion. Major metro areas have been the hardest hit with 66 percent of the top 50 markets having “percentage-of-price-reduction levels above the national average.”
Despite that news, DC is one of the fortunate areas that is actually going the other way with notable declines in the number of listings where the price has been reduced in the last three months (17% fewer listings to be exact). The other cities showing signs of recovery include:
- Dallas, TX – 42% fewer price reductions
- Las Vegas, NV – 33% fewer price reductions
- Louisville, KY – 33% fewer price reductions
- Los Angeles, CA – 19% fewer price reductions
This article originally published at https://dc.urbanturf.com/articles/blog/trulia_25_of_listings_have_experienced_price_reduction/1237.
Most Popular... This Week • Last 30 Days • Ever
It has been a good start to the year for high-priced homes in the DC region.... read »
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... 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