{"id":519599,"date":"2010-04-07T13:38:43","date_gmt":"2010-04-07T17:38:43","guid":{"rendered":"http:\/\/www.zillow.com\/blog\/?p=19176"},"modified":"2010-04-07T13:38:43","modified_gmt":"2010-04-07T17:38:43","slug":"fewer-sellers-reduced-prices-in-march","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/519599","title":{"rendered":"Fewer Sellers Reduced Prices in March"},"content":{"rendered":"<p>For the third month in a row, fewer home sellers reduced the asking price of their home than in the previous month.<\/p>\n<p>As of the end of March, just over one-fifth (20.7%) of all listings on Zillow had at least one <a href=\"http:\/\/www.zillow.com\/local-info\/#metric=mt%3D6%26dt%3D1%26tp%3D4%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463\" >price reduction<\/a>. That was a decrease from the 23.1% of listings that had a price reduction as of the end of February. Price reductions peaked last September, when nearly one-third (32.1%) of listings on Zillow had at least one price reduction.<\/p>\n<p>The amount of the reductions is also falling, with the national <a href=\"http:\/\/www.zillow.com\/local-info\/#metric=mt%3D14%26dt%3D1%26tp%3D4%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463\" >median price reduction<\/a> at 6.5% in March, compared with 6.9% in February.<\/p>\n<p>As with all real estate, though, conditions vary across the country. Areas with the the biggest percentages of listings with price reductions are in the Midwest and Southwest. In the <a href=\"http:\/\/www.zillow.com\/local-info\/ID-Boise-City-Metro-home-value\/r_394399\/\" >Boise<\/a> metropolitan statistical area (MSA), 29.1% of listings had a price reduction as of the end of March; in the <a href=\"http:\/\/www.zillow.com\/local-info\/MO-St.-Louis-Metro-home-value\/r_395121#metric=mt%3D6%26dt%3D1%26tp%3D4%26rt%3D6%26r%3D395121%2C6891%2C13059%2C40689\" >St. Louis<\/a> MSA, it was 26.8%; in the <a href=\"http:\/\/www.zillow.com\/local-info\/NM-Albuquerque-Metro-home-value\/r_394312\/\" >Albuquerque<\/a> MSA, 28.3%; and in <a href=\"http:\/\/www.zillow.com\/local-info\/AZ-Tucson-Metro-home-value\/r_395167\/\" >Tucson<\/a> MSA, 28%. You can see a list of the top 20 MSAs below.<\/p>\n<p><a href=\"http:\/\/www.zillow.com\/blog\/files\/2010\/04\/image001.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19302\" src=\"http:\/\/www.zillow.com\/blog\/files\/2010\/04\/image001.png\" alt=\"\" width=\"254\" height=\"503\" \/><\/a><\/p>\n<p>The biggest price reductions, in terms of amounts, were spread out across the country. In the <a href=\"http:\/\/www.zillow.com\/local-info\/MI-Detroit-Metro-home-value\/r_394532\/\" >Detroit<\/a> MSA, the median price reduction was 11.1%; in the <a href=\"http:\/\/www.zillow.com\/local-info\/MI-Flint-Metro-home-value\/r_394596\/\" >Flint<\/a> MSA, it was 10.7%; and in the <a href=\"http:\/\/www.zillow.com\/local-info\/FL-Miami--Fort-Lauderdale-Metro-home-value\/r_394856\/\" >Miami-Ft. Lauderdale<\/a> MSA, 10.7%. See the list below for more MSAs with large reductions.<\/p>\n<p><a href=\"http:\/\/www.zillow.com\/blog\/files\/2010\/04\/image0011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19305\" src=\"http:\/\/www.zillow.com\/blog\/files\/2010\/04\/image0011.png\" alt=\"\" width=\"221\" height=\"489\" \/><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?a=uNef5MNTRN8:GNshH8WbEIM:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?a=uNef5MNTRN8:GNshH8WbEIM:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>For the third month in a row, fewer home sellers reduced the asking price of their home than in the previous month. As of the end of March, just over one-fifth (20.7%) of all listings on Zillow had at least one price reduction. That was a decrease from the 23.1% of listings that had a [&hellip;]<\/p>\n","protected":false},"author":4255,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-519599","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4255"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=519599"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519599\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=519599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=519599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=519599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}