One fourth of sellers reduce asking price

Trulia lists markets with most, biggest reductions

Sellers dropped their asking price on nearly one in four homes listed for sale on during the last year by an average of 10.6 percent, the company said today in a report identifying the markets experiencing the most and biggest price reductions.

Although Trulia’s analysis did not include foreclosure properties, it showed that asking prices are being slashed more severely in areas hardest hit by foreclosures.