Retail Price reductions are here (to stay?)

[Tanner Morrill]

So, taking a look at listed SL County homes prices 250-400k, there seems to be, based on my quick analysis, about 75% of homes had a price reduction of 1% or more. The homes I analyzed were listed in the first half of October. Some of the reductions were $10-20k. What are you guys seeing? I think it's time to pay very close attention to the market. Wage growth just isn't good enough esp. with increased interest rates.