15
Jan
22% of California Homes For Sale Have Price Reductions
California home sales
Trulia.com, in a recent report, found that as of Jan. 1, 2010, 21 percent of homes currently on the market have experienced at least one price reduction. The total amount reduced for all homes nationwide declined to $21.2 billion in January compared with $24.7 billion in December. The average discount for homes with price reductions remained at 11 percent, according to the report. In the west, which includes California, 22 percent of listings experienced price reductions.