Trulia.com reveals that as of the 1st of December last year, about 28 percent of Rhode Island homes available for sale dropped by 11 percent. These figures represent a cumulative reduction of around $84.67 million.
High-end and luxury homes have that most price cuts and market analysts expects it to continue up to the first quarter of 2010. On the other hand, the low-end housing markets have fewer cuts cause their prices are more in-line with logical pricing levels.
More details on Classifieds1000's Real Estate Blog, link provided below.
Link: Rhode Island news Prices and Foreclosures Drop in Rhod
