REDFIN: S. FLA. HOUSING MARKET SLOWS, SELLERS CUT ASKING PRICES By Paul OwersSun Sentinel 6:17 p.m. EST, November 8, 2013 More Palm Beach County home sellers are lowering their asking prices, another indication that the housing market has softened, a new report shows. Eighteen percent of homes for sale countywide in October had price cuts, compared with 12 percent in May, according to the Redfin real estate brokerage. A quarter of the Broward County homes for sale last month had reduced prices. That’s up slightly from September, but still down from earlier in the year. Redfin analyzed 40 metro markets nationwide. Sacramento led all areas with 39 percent of homes recieving price reductions last month. Redfin said the rise in price reductions is a sign that sellers are losing some control over the market. Sellers have mostly called the shots for more than a year amid rising prices and a shortage of inventory. sun-sentinel/business/realestate/house-keys-blog/sfl-redfin-asking-price-cuts-link-20131108,0,4387855.story
Posted on: Wed, 13 Nov 2013 16:45:11 +0000
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