Trulia Report: Mapping Home Price Reductions
Posted By Barry Ritholtz On April 17, 2011 @ 12:00 pm In Real Estate | Comments Disabled
Trulia’s Home Offer Report is a a remarkable map — it shows the result of negotiation between homebuyers and sellers. The reveal shows how strong or weak the real-estate market is in every zip code of the country.
The three key metrics:
1) How long a house typically goes before the owner cuts the price;
2) The size of that price reduction;
3) The likelihood that there will be another reduction in price
Fascinating stuff that was not even possible just a few years ago:
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click for larger interactive map
[1]
Hat tip Fast Code Design [2]
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/04/trulia-map-home-price-reductions/
URLs in this post:
[1] Image: http://explore.trulia.com/datavis/priceredux/Q1-2011/
[2] Fast Code Design: http://www.fastcodesign.com/1663633/infographic-of-the-day-will-you-get-a-good-price-selling-your-house
Click here to print.