Orange County Housing Numbers: Reductions by Price
A recent post highlighted the number of homes (by percentage) with price reductions in a representative sample of Orange County cities. A look at the amount of the reductions reinforces what the number of reductions were telling us: The homes at the high-end of the market are seeing both a larger number of homes with price reductions as well as a larger percentage off the asking price.
Take a look at the Redfin reduction-by-price charts, and you will see what I mean.
ORANGE COUNTY CITIES WITH THE HIGHEST REDUCTION BY PRICE—PERCENTAGE OFF MOST RECENT LIST PRICE AND THE ORIGINAL PRICE
ORANGE COUNTY CITIES WITH THE LOWEST REDUCTION BY PRICE—PERCENTAGE OFF MOST RECENT LIST PRICE
More price reduction numbers are available on the Redfin Excel spreadsheet.