Fewer home sellers have cut down their home’s listing price as buyers rushed out to beat the increasing rates of interest rates and expiring tax credits.
As of the New Year, prices on 21% of homes were cut down at least once, 22% lower from the past month and 25.6% lower from two months ago. The amount of sellers lowering their asking price has gone down to extreme lows since last year while the average discount in homes with price reductions remained unchanged at 11% from the original prices.
Alex Aguilar
Team Aguilar Real Estate Agent & Blogger!
San Diego Houses
Real Estate Blog
If your looking for real estate in San Diego, Riverside or Imperial County you have arrived at the right place. Please feel free to contact us and please read our Real Estate Blog and leave your comments.