Nearly Half Of All Listed Homes in August Had Price Cut, Up 3 Percent From July

EMERYVILLE, CA – September 6, 2010 – (RealEstateRama) — The number of price-reduced homes on the market increased 3.26 percent in August compared to July, according to the latest data from national brokerage ZipRealty (www.ziprealty.com; NASDAQ: ZIPR). ZipRealty’s monthly review of MLS-listed properties in 26 major markets found that 47 percent of “for sale” homes had at least one price reduction and the average seller actually slashed their list price twice to attract buyers.