Truila announced that 26% of homes on the market in Boston, as of February 1, 2010, have experienced at least one price cut.

The following are excerpts from the Trulia web site:

* Boston ranked 18th with the most price reductions out of the top 50 cities ranked.

* The percentage of Boston listings with at least one price reduction – 26%.

* The average price reduction in Boston – 7%.

* Total amount of reductions in Boston – $29,473,992.00.

Click here – See graphics for data table.

Any thoughts?