This was not what I wanted to read today: according to Tim Logan of the Post-Dispatch, St. Louisans are more likely to cut home prices than most of the United States.
Citing real estate website Trulia, Logan discovered that the average price reduction in St. Louis (city) is 8%. Of all properties listed in St. Louis, 29% had at least one price reduction.
This, among many reasons, is why I’m glad I have Kevin Cottrell selling our house. He put together an amazingly detailed market analysis and we ended up pricing our house in such a way that we’ve had an almost non-stop stream of people coming to view the property (which, by the way, has it’s own website and Twitter account) since listing.
What did Kevin have to say about this article? Well, that most agents can’t price houses.
Glad we have one who can.
