Listing Price Drops Will Help Drive a Fall Surge in Home Sales

Listing Price Drops Will Help Drive a Fall Surge in Home Sales, according to Redfin’s Research Center.   They predict that buyers will move into the market as we are seeing some price drops. “There’s blood in the water.”  In other words, the market is shifting from a sellers market to a market favoring the buyer in some areas.  In Washington, DC  of homes for sale in July 2014, 31%  had a drop in the listing price.  Fewer homes are selling above their listing price.  Prices here are flattening out.  Redfin expects price increases to slow down.  This helps buyers as they should regain some of the bargaining power lost last year.

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