According to a recently released study by Trulia.com, 25% of those listing on the Trulia.com site have reduced the asking price for the home. Top cities for reduction are:
1. Jacksonville, Fla. – 36 percent
2. Tucson – 32 percent
3. Boston – 32 percent
4. Los Angeles – 32 percent
5. Columbus, Ohio – 31 percent
6. Dallas – 31 percent
7. Honolulu – 31 percent
8. Minneapolis – 31 percent
9. Austin – 30 percent
10. Washington, D.C. – 30 percent
11. Baltimore – 30 percent
12. Las Vegas – 30 percent
Source: Trulia.com (06/05/2009)
You can find more info from Realtor Magazine.
