There is some good news for people who are looking for a house in Boston, Phoenix Baltimore, Dallas or Minneapolis. For the second month, home sellers are cutting home prices in these cities where maintains one of the most comprehensive real estate sites on the web. On July 1, 24 percent of listings on the market have experienced at least one price reduction, increased to 9% from the previous month. This July, 22 out of 50 of the largest U.S. cities had at least 30 percent of homes reduced in price, compared to 10 cities last month. Nationally, the average price reduction was 10 percent.
Kansas City, Missouri - 32% of Homes Had Their Price Slashed Average price reduction: 9% Total amount of price reductions: $34,122,816
Kansas City, Missouri
Columbus, Ohio-32% of Homes Had Their Price Slashed Total Amount of Reductions: $20,431,656 Average Price Reduction: 8%
Columbus, Ohio
Tucson, Arizona - 32% of Homes Had Their Price Slashed Average price reduction: 10% Total amount of price reductions: $63,589,760
Tucson, Arizona
Memphis, Tennessee - 33% of Homes Had Their Price Slashed Total Amount of Reductions: $24,156,340 Average Price Reduction: 9%
Memphis, Tennessee
Phoenix, Arizona - 33% of Homes Had Their Price Slashed Average price reduction: 13% Total price reductions: $103,082,616
Phoenix, Arizona
Baltimore, Maryland - 34% of Homes Had Their Price Slashed Average Price Reduction: 11% Total Amount of Reductions: $37,273,818
Baltimore, Maryland
Boston, Massachusetts - 34% of Homes Had Their Price Slashed Average Price Reduction: 7% Total Amount of Reductions: $51,750,099
Boston, Massachusetts
Dallas, Texas -38% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $164,878,956
Dallas, Texas
Milwaukee, Wisconsin - 39% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $22,856,449
Milwaukee, Wisconsin
Minneapolis, Minnesota - 40% of Homes Had Their Price Slashed Average Price Reduction: 9% Total Amount of Reductions: $30,138,399
Minneapolis, Minnesota
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Good News for People Looking for Home