ZipRealty Price Reduction Index - October 2006

Listed below are homes on the market served by ZipRealty, where the asking price has been reduced, as of 10/4/2006. We surveyed the markets listed.   Click on the image to view in larger window.

Comments

[SoCalRugger]

Clearly this data indicates that many regions are experiencing price pressures, and 50% of homes with price reductions stands on its own. However, is there any source that tracks the data for relevance? Is 20% reduced in San Fran dramatically high? Has it really jumped in the last x months? Would also be interesting to see a month by month with those high runners (40% and over) where you could see the #'s in the last few months vaulting from say 10% to 20 to 30 to 40...that would paint a compelling picture.