Trulia Report: Mapping Home Price Reductions

April 17, 2011 12:00pm by Barry Ritholtz

Trulia’s Home Offer Report is a a remarkable map — it shows the result of negotiation between homebuyers and sellers. The reveal shows how strong or weak the real-estate market is in every zip code of the country.

The three key metrics:

1) How long a house typically goes before the owner cuts the price;
2) The size of that price reduction;
3) The likelihood that there will be another reduction in price

Fascinating stuff that was not even possible just a few years ago:

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click for larger interactive map

Hat tip Fast Code Design

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