As for Peter’s request, the stats are updated in the 24-hour market watch and I am not aware that the MLS does a regular analysis of that specific data. It’s also too much for one agent to try and track daily since the data is constantly in flux and it depends on what time of day you’re looking at it to know if you’re getting relatively accurate daily data.

BTW, not all price reductions show up in the stats. Some are expired and then re-listed at a lower price.

Finally, I really wish the NWMLS would switch that page to a 7 day market watch. I think that would be more useful since some agents don’t enter things on weekends, and you don’t have any closings on weekends.

My gut feeling from watching particular homes and prices and being addicted to Redfin was telling me that price reductions are picking up but it is nice to see some actual analysis.

Could you take this topic a bit further and create a chart that graphs the number of price increases, declines, maybe include price per square foot etc so that we can get a visual of what is happening? It would be very interesting and would probably correlate very closely with a homeowner sentiment survey.