% Who Dropped Price
Definition:
% Who Dropped Price equals the number of homes in the defined area (city or zip) that have had their price decreased in the last 90 days. For example, if a home has appeared on the market in the last 90 days at a higher price it is considered to have had a price drop.
Here's why this is helpful to you...
A positive number (anything above zero) might point to a buyers market as sellers adjust their prices to sell their homes. A negative number (anything below zero) might indicate a sellers market as listed homes are pulled off the market and relisted at higher prices. Watch the trend here carefully. It can be a good indicator of where the market is headed.
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