Phoenix among top 10 U.S. markets for real estate discounts

Midland, Tx./realtor.com
Midland, Tx./realtor.com

By Yuqing Pan | realtor.com

For the most part, homeowners across the U.S. are sitting pretty these days. Home prices are going up, up, up—in the country’s hottest markets, it’s a full-throttle seller’s market. But not everywhere, or for every home. In fact, you can even find homes in the nation’s biggest metropolitan areas that have sat on the market for weeks, whose price has been reduced, then reduced again, whose owners are tearing out their hair, wondering why in creation their home won’t sell.

For sellers, this is a bummer. For buyers, not so much.

So we put our data team on the case to find those metros where the biggest percentage of price-slashed houses can be found. Bargain hunters, get ready!

“Despite the fact that home prices are now setting new records in most of the country, price reductions on listed homes are quite common,” says Jonathan Smoke, realtor.com®‘s chief economist. “A price reduction can happen for lots of reasons, including adjusting an unrealistic initial price, a new sense of urgency, or motivation by a seller, or declining market trends.”

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031