If you've been browsing homes online, you've probably noticed those little notifications:
Price Reduced
For buyers, it can feel like an opportunity.
For sellers, it can feel discouraging.
The truth is, a price reduction isn't automatically good or bad. It's simply a response to what the market is telling us. After nearly 20 years helping buyers and sellers throughout Central Oregon, I've learned that understanding why a price reduction happens is much more important than simply noticing that it happened.
Here's what buyers and sellers should know.
The most common reason for a price reduction is s...