RISMEDIA, April 24, 2009-Trulia, Inc., has announced the ability for users to search for listings that have undergone price cuts since first coming on the market. Trulia’s research has found that 27% of homes currently on the market across the United States have experienced at least one price cut. Across 15 major cities, including New York City, Chicago, Los Angeles, Boston and Atlanta, the average price reduction for homes ranged from $20,000 to $295,000.
“It doesn’t matter if your price point is $200,000 or $2 million, in these difficult times people are searching for the best deals they can find on homes,” said Pete Flint, Trulia CEO and co-founder. “Our new price reduction functionality makes it easier for people to find the home of their dreams without laboring through unwanted results.”
As the spring buying season approaches and the real estate market continues to be increasingly competitive, price reductions are becoming more prevalent. Providing home buyers with access to price reduction data will help them be better informed as they decide which home to purchase and will help ensure consumers get the most home for their dollar. It will also help home sellers price their homes competitively as more homes come onto the market.
For more information, visit www.trulia.com.