Trulia just released a study on price reductions on listed properties in major cities across the US. Not a pretty picture at all. The Atlanta market did manage to rank only 30th. But they still are seeing 25% of homes listed reducing the sale price, trying to get a home sold. And the average reduction is 11%. I'm not talking about getting a home sold for 11% less than sale price, I'm talking about an 11% reduction to try to get an offer on the home! This doesn't consider that the majority of these homes will reduce their price further to accomodate the buyer. With most agents informing the sellers to expect lower prices, most of the homes are low priced when they go on the market, so another 11% reduction just to try to get an offer is a real killer.