Industry NewsMarkets & Economy

Asking prices drop in 22 major markets

Real estate brief
Published on Nov 11, 2008

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Asking prices in 22 of 26 major U.S. markets tracked by Altos Research and Real IQ declined between September and October, with Las Vegas posting the largest decrease for the seventh straight month at -3.7 percent.

Despite falling in most major markets, asking prices were up 0.7 in Denver and 0.6 percent in Houston -- the only markets showing three months of sequential price increases, the report found. Seattle asking prices held steady during the period.