More than 30 percent of Dallas-area home sellers have to cut their price at least once, according to a new study.
Dallas had one of the highest home-price reduction levels in the country, the report by Internet real estate firm Trulia Inc. said Friday.
And almost 40 percent of sellers of higher priced homes here – those offered for $1 million and more – have been forced to trim their asking price, the research shows.
Nationwide, about 23.6 percent of home listings have had at least one price rollback, the just-released survey says.
The average price cut across the country is 10.6 percent.
But in the Dallas area, sellers prune their prices by about 8 percent.
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