Here’s a question. Should real estate agents provide an “Irrational asking price index”? This would be an index that represents the difference between what a seller hoped that they would get for their home, and what they actually obtained after months of price reductions. If you’re a seller perhaps a better name would be the “Disappointment Index”
The folks at Redfin have provided us a chart where buyers are currently obtaining the largest discounts off the asking price.