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Episode Details

Well, this is new: Price cuts on Bay Area homes are surging

Automatic TRANSCRIPT

They’re not exactly doorbuster deals, but Bay Area home sellers are cutting their asking prices at the highest rate in years. October is typically a big month for price reductions, as sellers try to close deals before the market slows way down between Thanksgiving and early February. But the number and percentage of homes with a price cut surged last month to their highest level for the month of October since at least 2012 in the Bay Area and 2011 statewide.