Real estate bubble flashback: Listings vs price reductions 2004

Sf_2004listedvsreduced_112404_1Thus far, we’ve only posted one of five graphs comparing price
reductions on single family homes listed for sale in Massachusetts in
2004 versus 2005.  To establish a baseline for those comparisons, let’s
step back and look at the number of single family homes listed in
MLSPin through Thanksgiving last year compared to the number of price
reductions by price range  (click on image for larger view).

Tomorrow’s graph will show both the increase in listings and price
reductions by price range for this year, 2005.  To receive it
automatically, simply sign-up for The Real Estate Cafe’s RSS feed.  If
you have more specific questions about market trends — particularly
price reductions across Massachusetts related to your own house hunt,
please let us know how we can help you help yourself!  There are
thousands of bargains this time of year, and you can increase your
savings by choosing one of our rebate options, see see diagram of potential savings.

Posted in Market trends, Price trends, Real Estate Bubble

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