ZipRealty, a brokerage that offers homeowners a discount commission, has an interesting post analyzing the markets it operates in (think major metros in large states) and the percentage of homes that have been reduced.
The winner? Newton, MA, where according to ZipRealty, more than two out of five homes on the market have been reduced.
Of course, that could be indicative of realtors being more optimistic and then having to re-price. Fascinating reading, nonethess.
