Trulia Home Offer Report - Q1 2011

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Trulia’s Home Offer Report gives homebuyers and sellers the upper hand – whether they’re making an offer or putting their home on the market. Knowing when the first price reduction occurs in your …

Trulia’s Home Offer Report gives homebuyers and sellers the upper hand – whether they’re making an offer or putting their home on the market. Knowing when the first price reduction occurs in your neighborhood, where the reductions are happening and how deep the reductions are, helps sellers price their homes to sell and guides buyers to make strategic offers.

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  • 1. Home Offer reportPrice Reduction Trends (Q1 2011)
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  • 2. Home Offer Report
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  • 3. Key Findings
    Trulia’s Home Offer Report Reveals Where Home Buyers Can Find Deep Discounts This SpringSellers in major U.S cities quick to make first price reduction and more likely to make multiple cuts
    During the past year, U.S. home sellers slashed more than $24 billion in potential wealth from home listings on Trulia.com. On average, most sellers will reduce their list price after 79 days on the market, choosing to cut their original list price by 8 percent. Following a first reduction, 35 percent of these sellers will make a second.
    By comparison, sellers in America’s 50 largest cities wait 62 days before making their first price reduction, discounting their listings by an average of 7 percent. Of the sellers who make one reduction, 42 percent will reduce their listing price again.
  • 4. Multiple Reductions
  • 5. Least Likely to Make Second Cut
  • 6. Deepest Price Cuts
  • 7. Stingy Sellers
  • 8. Most Stubborn Sellers
  • 9. Quickest to Slash
  • 10. Interactive Price Reduction Map
    Check out Trulia’s new interactive price reduction map to find out when the first price reduction occurs in your neighborhood, where the reductions are happening and how deep the reductions are.
    http://explore.trulia.com/datavis/priceredux/Q1-2011/
  • 11. Home Offer Report
  • 12. Home Offer Report
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