Is It Time To Slash Your House Price? | Housing Market

Is It Time To Slash Your House Price?

Is It Time To Slash Your House Price? Reductions Aren't as Bad as You Think—and Could Even Spur a Bidding War Home sellers today might find themselves encountering a sharp and painful divide between their hopes and reality. At that point, sellers might have to contemplate what not long ago was unthinkable: slashing the asking price of their home. The number of listings on the market is up, too, by 18.7% in June compared with last year. Meanwhile, home prices have already started falling in some parts of the country, all of which adds up to the fact that those legendary days of $100,000-over-asking bidding wars that sellers might fantasize about may largely be over. Truth is, a price reduction could even bring on that bidding war that could drive a home’s price higher than before.

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