SELLERS DROP ASKING PRICES ON FEWER HOMES IN DECEMBER: REPORT

The number of price-reduced homes on the market in December 2010 fell by 7.7 percent from the previous month, according to a report surveying 26 major U.S. markets issued by ZipRealty. Despite the month-to-month decline, the company says the number of homes with a reduced asking price remained high compared to a year earlier, rising 23.4 percent from December 2009. The report also found that in the markets surveyed, the median list price in December was down 3.9 percent from November.

http://www.dsnews.com/articles/sellers-drop-asking-prices-on-fewer-homes-in-december-report-2011-01-14