Wednesday, April 20, 2011

A Google Map of House Price Reductions

Trulia: Price Reductions Map

Trulia has released a Google Map that can help in your search for a new home, helping you work out when house prices are likely to be reduced.

Trulia's Price Reduction Map presents house price change data from live non-foreclosure listings and tracks all price reductions from March 31, 2010 to March 31, 2011. Using Trulia's Google Map it is possible to search by zip-code for the average number of days a house is on the market in that area before sellers make their first reduction.

Using the map it is also possible to view the average price in an area that sellers normally cut by and the probability of a second price reduction within a zip-code area.

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