Boston price reductions continue

Are Boston home sellers getting more realistic?

Real-estate website Trulia.com says that more Boston sellers reduced their homes prices in August, the fourth straight month for Boston price reductions.

The number of price reductions from July 1st to August 1st was 35% of all listings, which was the 4th largest out of 50 top cities ranked by Trulia.com. The average price reduction was 7%.