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Increasing number of homes in Boston have had price reductions

Over 46% of homes currently on the market in the Boston metro area have had price reductions, as sellers take steps to deal with a slower real estate market and higher inventory levels, according to a new study by ZipRealty.

Inventory level has increased precipitiously, over the past year. There are currently over 45,000 homes and condos for sale in Greater Boston.

More information: Rising Inventories Weigh on Home Prices - The Wall Street Journal

John Keith     August 16, 2006     ,

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