The Top Ten (actually 12) Cities with the Most Price Reductions

According to http://www.trulia.com/ 1 in 4 houses in the US, currently on the market, have had price reductions. Trulia researched the top 50 real estate markets (based on population) and below are the top 12 cites with the most price reductions:

Percent of current listings with price reductions
Jacksonville, FL – 36 percent
Honolulu, HI – 31 percent
Tucson, AZ – 32 percent
Minneapolis, MN – 31 percent
Boston, MA – 32 percent
Austin, TX – 30 percent
Los Angeles, CA – 32 percent
Washington, DC – 30 percent
Columbus, OH – 31 percent
Baltimore, MD – 30 percent
Dallas, TX – 31 percent
Las Vegas, NV – 30 percent