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Builders Clearing Out Inventory

I received an email this weekend from a builder advertising models that were marked down 20% + ($100k+) from their original prices (but marked down incrementally).

I also saw another builder marking their inventory down in the MLS a similar amount too.

This suggests to me that builders understand that we’re nearing the end of the strong sales season and that they need to price reduce now to sell these homes soon or they will be left holding them all winter!

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.