It was reported today in the Philadelphia Inquirer that 31% of homes sold this month in the Philadelphia metropolitan area involved a listing price reduction.

The Philadelphia area ranked 11 out of 15 metropolitan areas in the number of homes sold with a price reduction. The Minneapolis area led the list with 46% of homes selling with a price reduction.

Here in Wallingford enticing buyers has required price cutting to a greater degree. A review of the 20 homes settled in the past 3 months indicates that 11 of 20 homes, 55%, reduced the listing price prior to selling.

The smaller number of buyers available are seeking value and original listing prices apparently are missing that mark.

Nether Providence Veterans Memorial

As today is November 11 Veterans Day we should all time time to give thanks to our veterans and honor their sacrifice. Say thanks to a veteran you know and remember in your own way those veterans that have passed.

Stop by the Veterans Memorial at the Township Building , a local tribute to our veterans.