US home sellers with properties on the market as of 1 Nov had slashed asking prices by $28.1 billion as they sought to attract buyers, Trulia said.
The average discount was 10%, little changed from a month earlier, the San Francisco-based real estate data provider said today. Almost 26% of homes for sale were reduced at least once. Luxury properties -- those costing $2m or more -- accounted for 25% of the dollar value of reductions and less than 2% of listings, Trulia said.
bloomberg.com
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