Signs of Stabilizing Prices, and the Weekend Poll
Trulia reports today that there are signs that prices in the Washington area are starting to stabilize. The metro area is among those that have had a significant decline in the number of for-sale homes with price reductions over the past month. The same is true for Las Vegas, Los Angeles, Dallas and Baltimore.
At the beginning of July, 23 percent of homes on the market in the Washington area have had at least one price reduction, averaging 8 percent. On June 1, according to Trulia, 30 percent of homes on the market had a price reduction, averaging 10 percent.
Nationwide, the online real estate company said 25 percent of homes on the market on July 1 had at least one price reduction, averaging 10.4 percent.
Real Estate Live chat is today at 1 p.m. As always, you're welcome to submit a question or comment early.
Weekend reading: Renae Merle has an update on what's happening with short sales. Hint: There's more happening than there used to be. And Ted Knutson writes about a major quality-of-life topic for apartment-dwellers: In-unit washers and dryers.
The Weekend Poll
July 10, 2009; 6:00 AM ET
Categories: Poll , Statistics , The economy , The market , Weekend Poll
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