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» Made in USA

Chasing a falling real estate market

Posted 10-24-2011 at 12:24 AM by ushaggerb

I wrote a few months back about people who are trying to sell a house that fall into a pattern of “chasing a falling market.” A sale occurred earlier this year which is a perfect example.

The house came on the market in late 2009. In the following 16 months, the property reduced its asking price 6 times. The 7th time it was sold at auction. The property sold for 37.5% lower than the asking price in late 2009.

  1. The 1st price decrease came shortly after it was
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