Real Estate Price Reductions
Downtown Boston Real Estate Search
Real Estate Price Reductions
Boston condo sellers with unrealistic price expectations are setting themselves up for pain in a softening market that increasingly favors buyers, warn housing market experts.
Nationally, the share of home listings with price reductions hit another multiyear high in April, indicating that sellers are increasingly overestimating what their house will fetch in the current market.
Although the problem is deepest in the South and West, nearly every state has seen an uptick in price reductions compared with a year ago, according to Realtor.com® data, signaling a widespread trend.
“The rising share of price reductions suggests that a lot of sellers are anchored to prices that aren’t realistic in today’s housing market,” says Realtor.com Chief Economist Danielle Hale. “Today’s sellers would be wise to listen to feedback they are getting from the market.”
Updated: Boston Real Estate Blog 2025
Byline – John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
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Real Estate Price Reductions
Downtown Boston Real Estate Search
Real Estate Price Reductions
With national mortgage interest rates rising its no surprise that certain parts of the country are experiencing home price reductions.
Updated: Boston condo for sale website 2023
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Real estate information site Trulia.com says that as of July 1, one out every four people trying to sell a home in the U.S. has had to lower their asking price at least once this year. The average listing has been reduced by 10%. The grand total of the price reductions adds up to $27.1 billion.
In Boston, 35% of all listings had a price reduction totaling $54,084,186.00 with an average reduction by 8%. Hmm, I wonder if any were in the Back Bay.
Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2025
John Ford Boston Beacon Hill Condo Broker 137 Charles Street Boston, MA. 02114
Looking for a Boston Back Bay or Beacon Hill condo?
Call today! 617-595-3712
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Byline – John Ford – Boston Seaport Condo Broker.
