Are home prices being discounted?

Local properties sold last month at 94.4% of their ORIGINAL asking price, and at 97.7% of their FINAL asking price (ie. a selling price of $94,400 on a property listed at 100k).  That means that many sellers reduced their asking price at least once.  The numbers were a pullback from the April-June seasonal peak, when competition is the hottest and prices don’t get reduced as much.  The 94.4% was the highest for any October in the past decade, reflecting the tight inventory conditions we’re currently experiencing.  Want your money to work for you?  EZ- call me.  I work harder to make good things happen!       

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