Good News for People Looking for Home

There is some good news for people who are looking for a house in Boston, Phoenix Baltimore, Dallas or Minneapolis. For the second month, home sellers are cutting home prices in these cities where maintains one of the most comprehensive real estate sites on the web. On July 1, 24 percent of listings on the market have experienced at least one price reduction, increased to 9% from the previous month. This July, 22 out of 50 of the largest U.S. cities had at least 30 percent of homes reduced in price, compared to 10 cities last month. Nationally, the average price reduction was 10 percent.

 

Kansas City, Missouri – 32% of Homes Had Their Price Slashed Average price reduction: 9% Total amount of price reductions: $ 34,122,816

 

 

Kansas City, Missouri

 

Columbus, Ohio-32% of Homes Had Their Price Slashed Total Amount of Reductions: $ 20,431,656 Average Price Reduction: 8%

 

Columbus, Ohio

 

Tucson, Arizona – 32% of Homes Had Their Price Slashed Average price reduction: 10% Total amount of price reductions: $ 63,589,760

 

Tucson, Arizona

 

Memphis, Tennessee – 33% of Homes Had Their Price Slashed Total Amount of Reductions: $ 24,156,340 Average Price Reduction: 9%

 

Memphis, Tennessee

 

Phoenix, Arizona – 33% of Homes Had Their Price Slashed Average price reduction: 13% Total price reductions: $ 103,082,616

 

Phoenix, Arizona

 

Baltimore, Maryland – 34% of Homes Had Their Price Slashed Average Price Reduction: 11% Total Amount of Reductions: $ 37,273,818

 

Baltimore, Maryland

 

Boston, Massachusetts – 34% of Homes Had Their Price Slashed Average Price Reduction: 7% Total Amount of Reductions: $ 51,750,099

 

Boston, Massachusetts

 

Dallas, Texas -38% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $ 164,878,956

 

Dallas, Texas

 

Milwaukee, Wisconsin – 39% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $ 22,856,449

 

Milwaukee, Wisconsin

 

Minneapolis, Minnesota – 40% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $ 30,138,399

 

Minneapolis, Minnesota

 

 

Related links:

Outlook For Home Prices – Dim

Phoenix Real Estate

SuperPro 580U & SuperPro 280U Price Reduction

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