Trulia: Home-price discounts hit new low

Report cites tax credit, low inventory as factors

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

Home-price reduction levels have reached a new low, real estate search site Trulia announced Tuesday.

Of the site’s single-family and condominium listings, 21 percent that went on the market on or after Jan. 1 have experienced at least one price cut, the lowest share since the site started the survey in April 2009. The previous low was in December, at 22 percent. This month’s survey marks the second month of declines in price-reduction levels. The data do not include foreclosures.