More home listings seeing price reductions in August
Nearly half of the houses for sale in the U.S. are listed for less than what the seller originally asked for, with the average list price declining 7.1% in 26 U.S. markets, according to a survey released by ZipRealty. The Emeryville, Calif.-based Internet real estate brokerage said that in August, 47% of houses for sale had a least one listing price reduction since first going on the market, up 3.26% from July’s level. ZipRealty tracks data in 26 major housing markets. On average, home sellers are reducing prices twice to garner enough interest from prospective buyers.