The percentage of U.S. homeowners who cut the listing price on their houses fell in February to the lowest level in 10 months, as initial pricing became more realistic heading into the spring selling season according to real estate web site Trulia.com

Prices on 19 percent of homes on the market as of March 1 had been cut at least once, the lowest percentage since Trulia started tracking reductions in April 2009. At the peak in October and November, 26 percent of sellers had cut their asking price.

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