Properties and Apartments

Archive for March 12th, 2010

The preliminary number for February indicate that homeowners in the Boise metro area have stopped reducing the price of their homes in order to sell them, according to Zillow.com’s data source.

As indicated by industry sources, and revealed in a Reuters report yet to be released, January median home prices did follow the previous downward direction.

Nearly one in five homes, or 19.5%, listed for sale on the Zillow website had at least one price reduction as of the end of February, down from 19.8% in January, sources said.

Home sellers reduced prices by a median 6.7% in February, down from 6.8% in January.