Industry NewsMarkets & Economy

Homebuyers gain bargaining power

Many California markets run counter to trend
Published on Feb 3, 2010

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by CareyBot

Homebuyers negotiated higher discounts in December, according to a study by real estate search and valuation site Zillow.

Buyers nationwide haggled a median 2.7 percent, or $5,618, off the last listing price of homes sold in December, a slight increase from 2.6 percent, or $5,538, in November, and the first and only month-to-month increase in 2009. Bargaining power decreased significantly year-over-year, however. In December 2008, bu