Asking price cut on almost half of listings

ZipRealty finds buyers, sellers still bearish

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Inventories of homes for sale were down 9.6 percent from a year ago at the end of September as sellers cut asking prices on nearly half of listings in the 29 major metro areas ZipRealty monitors, the company said.

At the close of the third quarter, the markets with the biggest annual declines in inventory were Orange County (-28.9 percent), Las Vegas (-23.7 percent) and Denver (-22.2 percent).