Not Sure What to Make of Price Cut Statistic on Zillow

[Robert Vieira]

While doing research for my marketing campaign, I came across a statistic on Zillow. It is a percentage of listings with a price cut in, a respective area.

Example: 50% of listings experienced a price cut in Willow Grove, PA.

In the cities where the % is high, should I analyze this information as:

A. Realtors are listing the properties too high in the beginning?

OR 

B. That houses in this particular area are having trouble selling?

Thanks!