What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? Thursday August 23rd, 2018 For Sellers , Housing Market Updates , Move-Up Buyers , Pricing Last week, in a new report from Zillow , it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the beginning of the year, the share of listings with a price cut increased 1.2% This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year Senior Economist Aaron Terrazas further explained: “A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gai...
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