RISMEDIA, November 21, 2009—Trulia, Inc. has announced that 25.6% of homes currently on the market in the United States as of November 1, 2009 have experienced at least one price cut during the past 12 months. More than 40% of the top 50 major metros across the U.S. are experiencing price reduction levels above 30%, significantly higher than the national average. The average discount for price-reduced homes continues to hold steady at 10% off of the original listing price.
Read more: http://rismedia.com/2009-11-21/more-than-1-in-4-homes-for-sale-in-price-reduction-report-have-seen-reduction/#ixzz0XWaPI2Lv
Here's a great article regarding the National Housing Market.
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