Industry NewsMarkets & Economy

Price cuts boost sales

Radar Logic tracks rise in 'motivated sales'
Published on Oct 31, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Sales picked up from July to August in 12 of 25 metropolitan statistical areas tracked by Radar Logic Inc., as heavy discounts on "motivated sales" pushed prices down in all but a few markets.

Part of the recent pickup in sales reflects an expected seasonal uptick in market activity at the end of the summer, Radar Logic said. But In California, Arizona and Nevada, deep price discounts associated with foreclosures appear to have attracted buyers.

Comments