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28 percent of SF homes on sale have had price cut

28 percent of SF homes on sale have had price cut

Twenty eight percent of listed homes for sales in San Francisco have had their prices cut in the last year, totaling in a $66.1 million price reduction for the city, according to real estate business Trulia, Inc.  Among 50 US cities, San Francisco ranked 27th by percentage of homes that have been discounted, ahead of Los Angeles that ranked 34th (26 percent), Sacramento- 37th (24 percent), Oakland- 43rd (23 percent) and San Jose- 46th (20 percent).

SF Business Times-11/11/2009