Weekly Price Reductions . . Till it Sells
What does a motivated seller look like?
This pattern of price reductions comes about as close as anything you’re likely to see:
7/17/09: old price – $595k; new price – $585k
8/7/09: old price – $585k; new price – $575k
8/19/09: old price- $575k; new price – $565k
8/26/09: old price – $565k; new price – $555k
9/3/09: old price – $555k; new price – $545k
You could practically set a metronome looking at this Minnetonka home’s pricing history.
Want to guess when — and how much — the next price cut will be, if it still hasn’t sold?