Thursday, June 29, 2006

Price reductions

The Alameda/Contra Costa Price Reduction Index tracks the number of listings that reduce their asking price after coming on the market. Higher number of price reduction represents a weakening housing market. After a brief retreat in the beginning of the year, this index is now going almost straight up. This index is also at a much higher level than June 2004 and June 2005 (red X marks).


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