Wednesday, September 8, 2010

ZipRealty: More home listings seeing price reductions in August

Some excerpts on the article:
The average price reduction was $19,092, ZipRealty said, adding the national median list price dropped 2.1% to $249,631 in August. Less than 1% of the houses listed for sale were new listings in August, indicating that fewer sellers are entering the post-homebuyer tax credit market, said ZipRealty Vice President Leslie Tyler.
In the article it states that Orange County has had a $35,000 reduction in median price listings.

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