Home › Forums › Housing › Coldwell asks all it’s listings to drop price 10% › esmith wrote: 200% up and 30%
[quote=esmith] 200% up and 30% down = 110% up (300% * 70%) 200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)[/quote]
I meant doubled, on average, 200% of prices, not plus. ex: 200k x 200% – 30% = 280k. -10% = 252k.
In areas where prices did triple 30% off – 10% you get you 189%.
Any way you look at it, 10% off prices that are still double what they were 4 years ago is not enough.