Cities With the Most Home Price Reductions

Source: Trulia.com For the nation's real estate market, home valuations have dropped off dramatically. However, the actual listing prices have not fallen as much, with realtors and sellers clinging onto original valuations, trying to minimize losses on their investments.But reduced prices could significantly increase the chances of a final sale, with homeowners finally choosing to cut their losses and accept a lower price. In a recent report by Trulia.com, the real estate website found that 25.6% of US listings have seen at least one price reduction. Of the 50 cities surveyed, 21 cities saw more than 30% of active listings receiving a price reduction, which may indicate that these markets are closer to the bottom than markets others who are hurting, but unwilling to reduce prices.So, which US cities have seen the highest proportion of home listings getting price reductions? Click ahead to find out!By Paul ToscanoPosted 12 Nov 2009

Source: Trulia.com 33% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $995,0003 br | 2 ½ ba | 3,000 sqftPrice Reduced By: $155,000Home (Pictured Below): $800,0004 br | 4 ½ baPrice Reduced By: $80,000

Source: Trulia.com 33% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $3,200,0005 br | 8 baPrice Reduced By: $500,000Home (Pictured Below): $1,995,0003 br | 3 full 2 partial ba | 7,149 sqftPrice Reduced By: $380,000

Source: Trulia.com 33% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $3,995,0008 br | 9 ba | 12,100 sqftPrice Reduced By: $1,955,000Home (Pictured Below): $1,000,0005 br | 4 ba | 5,000 sqftPrice Reduced By: $800,000

Source: Trulia.com 33% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $6,999,0005 br | 4 full 3 partial baPrice Reduced By: $951,000Home (Pictured Below): $1,999,0003 br | 2 ½ ba | 2,299 sqftPrice Reduced By: $800,000

Source: Trulia.com 35% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $7,950,0007 br | 7 baPrice Reduced By: $950,000Home (Pictured Below): $7,350,0007 br | 5 ¼ ba | 9,970 sqftPrice Reduced By: $15,100

Source: Trulia.com 35% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $1,395,0004 br | 4 ½ ba | 4,559 sqftPrice Reduced By: $335,000Home (Pictured Below): $569,9004 br | 2 ½ ba | 3,090 sqftPrice Reduced By: $15,100

Source: Trulia.com 36% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $5,000,0006 br | 6 full 2 partial ba | 8,400 sqftPrice Reduced By: $1,000,000Home (Pictured Below): $1,995,0006 br | 5 ba | 5,675 sqftPrice Reduced By: $705,000

Source: Trulia.com 36% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $1,695,0005 br | 4 full 4 partial baPrice Reduced By: $205,000Home (Pictured Below): $1,395,0005 br | 6 ½ baPrice Reduced By: $254,000

Source: Trulia.com 36% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $3,500,0005 br | 6 full 2 partial ba | 7,667 sqftPrice Reduced By: $320,000Home (Pictured Below): $1,999,5005 br | 5 ½ ba | 7,899 sqftPrice Reduced By: $450,500

Source: Trulia.com 37% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $950,0005 br | 3 ½ baPrice Reduced By: $250,000Home (Pictured Below): $1,575,0007 ½ ba | 10,134 sqft Price Reduced By: $225,000

Source: Trulia.com 37% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $3,500,0003 br | 3 ½ ba | 7,740 sqftPrice Reduced By: $1,700,000Home (Pictured Below): $2,190,0003 br | 4 full 2 partial ba | 4,941 sqftPrice Reduced By: $260,000

Source: Trulia.com 39% of all properties currently for sale have seen at least one price reductionExample Listings:Home (Pictured Above): $1,195,0005 br | 3 ½ ba | 4,351 sqftPrice Reduced By: $100,000Home (Pictured Below): $759,0004 br | 2 ba | 2,433 sqftPrice Reduced By: $110,000

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