Trulia Launches Price Reduction Feature!

Posted under: Using Trulia | April 23, 2009 4:56 PM | 465 views | No comments

Today Trulia launched a very cool new feature which gives consumers the ability to search for listings that have undergone price cuts since first coming on the market. In these tough times we are all looking for the best possible deals and this tool makes it much easier to find that diamond in the rough that has just been reduced.

Trulia’s research has found that 27% of homes currently on the market across the United States have experienced at least one price cut. Across 15 major cities, including New York City, Chicago, Los Angeles, Boston and Atlanta, the average price reduction for homes ranged from $20,000 to $295,000.

The Wall Street Journal, Inman, RISMedia and several other publications have picked up on this news because Trulia is the first and only real estate site to provide consumers with the ability to use price reductions as a search filter in their quest to find a great deal.

So, how does it work?

Well it's pretty easy - when you do a search on Trulia you will see a filter tool on the left column and one of the filters is to search by price reductions. Just click on that box and all of your results will be homes with price reductions.

Here is an example of homes in San Francisco under $1M that have been reduced.

Check out the screen shot below and go get yourself some deals!