Jacksonville is number 1 in discounting sales prices
Jacksonville is number 1 when it comes to discounting the prices of homes on the real estate market. As of June 1, around 36 percent of the homes listed for sale in Duval County had been reduced in price since they entered the market.
That rate is highest of all cities in the United States on the same day, according to data from Trulia. This is followed by Tucson, Boston, Los Angeles, and Columbus. Although Trulia’s data doesn’t include foreclosures and bank-owned home sales, price reductions are influenced by them because they put downward price pressure on the market.
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- Real Estate Price Reductions Drop – Take Advantage of the Buyer’s Market Today 21% of U.S. homes as of January 1, 2010 have experienced at least one price reduction off the original asking price during the last 12 months. The number of major US cities with 30% price reductions was cut by half in January. Cities experiencing the largest decreases in percentage of......
- 2010-2012 Housing Market Trend Predictions. Do You Agree USA Today working with Moody’s Economic.com is forecasting housing trends up to 2012. They have published five charts that show the industry’s boom and bust this decade and forecast the housing recovery for next 3 years. The key indicators for housing trends to forecast the trend are home sales, home......
- US Home Sales Rise – Why Buyers Bought in Slow Month Sales of previously owned homes soared 7.4% in the traditionally slow month of November as buyers looked to take advantage of a tax credit for first-time purchases, an industry group said this morning. Sales of single-family houses, town homes, condominiums and co-ops rose to a seasonally adjusted annual rate of......
- Real Estate 101: How To Mine Short Sales for Quick Gains Even in the worst recession since the 1930s, investors are still finding ways to fix up decrepit houses and later sell them for a profit. The business plan is a little different from the peak of the housing market, of course, when steadily rising home values meant any renovated shack......
- Builders stabilize as lower prices drive sales Home builders reported encouraging signs of stabilization in the housing market, but they cautioned that foreclosures and rising interest rates cloud the outlook. Two big builders, Toll Brothers Inc. and Hovnanian Enterprises Inc., said losses in the fiscal second quarter ended April 30 shrank from year-earlier levels, as lower prices......
