EXIT Realty Foothills Reports on Price Reductions

FOR IMMEDIATE RELEASE

Contact:
Jessie Eide
Realtor
EXIT Realty Foothills
909.593.0502
admin@ourexitteam.com

EXIT Realty Foothills Reports on Price Reductions

New Trulia Report Provides Insight on Price Reductions

La Verne, CA (Grassroots Newswire) 4/25/2011 --Trulia.com just released a new tool on their site called “Home Offer Report,” providing education on the real estate market which helps the buyer when making offers or the seller when listing their home for sale.

The interactive map and quarterly report gives buyers and sellers confidence when dealing in the real estate market. It provides information on where the first reductions occur in a particular neighborhood and how much the reductions are.

Trulia.com reports over the past year, there was more than $24 billion in home seller reductions in the U.S. The average seller would reduce the list price after 79 days on the market by about 8 percent. A second reduction occurred 35 percent of the time.

On average the bigger U.S. cities have slightly different statistics. They wait only 62 days before making the first price reduction and only reduce the price by 7 percent. Of the sellers who made one price reduction, 42 percent will reduce their price again.

For more information about EXIT Realty Foothills, please call 909.593.0502. EXIT Realty Foothills is located at 1339 Foothill Blvd, La Verne CA 91750.

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