According to Zillow’s 2014 Q3 Real Estate Market Reports, a slowdown in home value appreciation and rising inventory are common trends.
Moreover, many metro areas nationwide see homes staying longer on market, and price cuts are more prevalent – the percentage of listings with a price cut in the past month has risen to 37 percent for September 2014, up from 34 percent at the same time last year. Because of this, more homes are selling for below their list price.
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