A third of homes listed for sale in the Boston area cut the sale price, putting the local market in the top 10 nationwide in terms of the percentage of listings with price reductions, according to real estate tracker Trulia.

In Boston, 33 percent of homes on the market reduced prices an average 7 percent. The total amount of reductions is estimated at $40.6 million, according to Trulia.

As of Nov. 1, more than 25 percent of homes on the market nationwide have cut the sale price during the past year, Trulia reported.

The Northeast has the highest level of price reductions, with 29 percent of current listings cutting the price at least once. In Massachusetts, Connecticut, Rhode Island and New Hampshire more than 30 percent of listings slashed prices.

Other major cities with a high percentage of price reductions include Minneapolis, Milwaukee, Baltimore, Portland, Memphis and Jacksonville.

File Under: How low will it go.

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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