Trulia: Homesellers in US Reduce Asking Prices by $28.4 Billion

This blog has recently looked at properties with price reductions.  It's a nationwide trend, however.

Trulia, the RE website that has a "price reduced" widget in the left-hand menu, calculated the $28.4 Billion in price cuts this way:

[Using] data from brokers and agents, third-party providers and multiple-listing services. For the survey, it looked at homes for sale as of Oct. 1 -- about 3