23% Off? 8 Cities With Big Housing Discounts

December 23, 2011

Sellers have reduced their prices and buyers can snag deep discounts on houses in some areas of the country. Trulia identified several cities in 2011 in which sellers have slashed their home prices the most, offering the largest average discounts (as a percentage), based on non-foreclosure homes listed for sale at its site. 

1. Detroit

Average Market Discount:  23 percent

Median Sales Price: $69,000

2. Cleveland

Average  Market  Discount:  14 percent

Median Sales Price: $57,000

3. Baltimore

Average  Market  Discount:  11 percent

Median Sales Price: $115,000

4. Miami, Fla.

Average  Market  Discount:  11 percent

Median Sales Price: $146,000

5. Memphis, Tenn.

Average  Market  Discount:  10 percent

Median Sales Price: $82,000

6. Milwaukee, Wis.

Average  Market  Discount:  10 percent

Median Sales Price: $93,000

7. Atlanta

Average  Market  Discount:  10 percent

Median Sales Price: $173,000

8. New Orleans

Average  Market  Discount:  10 percent

Median Sales Price: $140,000

See what other cities are offering big discounts. 

Source: “Trulia’s Top 10 Cities and Homes for Extreme Bargain Shoppers,” Trulia Blog (Dec. 19, 2011)

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