Price reductions galore

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Price reductions galore

By Prashant Gopal

Bargain hunters are out this spring in neighborhoods across the country, looking for the best deal on a house. With the help of online property listing site Trulia.com, we decided to help them by identifying large cities where they're most likely to find discounted properties. We ranked the top 100 cities based on what percentage of listings (not including bank-owned properties) had at least one price drop since they went on the market. In some markets, more than a third of all listings have had at least one price reduction. We found markets, such as Scottsdale, Ariz.; Saint Paul, Minn.; and Los Angeles, where a third or more of listings had been discounted. To see the whole list, read on.


Methodology: The ranking is limited to the top 100 cities in terms of population. The cities were ranked based on the share of listings for single-family houses, condos, co-ops, and townhouses with price reductions. The analysis, which did not include foreclosure listings, was a snapshot of listings as of Apr. 27. Trulia covers listings from across the country and has about 70% of all listings on the market.

Source: Trulia