Rogersville Led Tri-Cities Markets for Price Cuts in July
Posted by Liv Stevens on
Rogersville recorded the highest rate of seller price reductions among established Tri-Cities housing markets in July. Of its 21 completed sales, 12 involved a price cut, producing a market-leading share of 57.1%.
Gray followed with reductions on eight of its 16 sales, or 50%. Blountville ranked third, with 13 of its 27 sellers reducing their asking price before closing—a share of 48.1%.
These are mid-sized housing markets, so a few additional reductions can shift their percentages quickly. Even so, the results point to a clear trend: sellers in Rogersville, Gray and Blountville adjusted their prices more frequently than those in the region’s larger markets.
How often sellers reduce their prices, however, does not necessarily indicate the size of…
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