Fresno Price Reductions Inspire Broker to Blog....

Ok, I know I have been absent from the blog scene but I just read an agent's comment on an MLS listed home that compelled me to hit the keyboards.

The comment: "VERY cooperative and creative seller"

My questions to the agent would be, if the seller is so cooperative how come the home has been on the market for 664 days? How come the price has only been reduced by $27,500 in that time?

For those looking to sell in Fresno - its a TERRIBLE market for selling.
For those looking to buy - its looking better (provided you have cash or can get the financing)

Here's a look at our market stats for the last 24 hours:

Price reductions have been increasing substantially.