PLACERVILLE, CALIFORNIA

Real Estate

Is the price right?

By From page HS3 | August 30, 2013

An interesting pricing phenomenon is happening on homes listed for sale in our county. During the month of May, 56 sellers reduced their listing price. That’s pretty normal based upon the number of listings. But in June that number doubled. By July it nearly doubled again and by the end of this month one in three sellers will have reduced their initial asking price. For many it will be their second or third price reduction. Why are we experiencing a plethora of price reductions during the best seller’s market in years?

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Ken Calhoon

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