Houses in Roath and Cathays, being student areas, have plenty of interest and are generally selling at above the asking price
Preston was found to have the highest proportion of price reductions in the country, with more than four in 10 (44 per cent) properties having had their asking price
lowered since first coming to the market.
This time last year, 37% of house sellers had shaved money off their asking price
to attract a buyer.
Increased competition among mortgage lenders and a continued shortage of homes to choose from will help to push asking prices
up by two per cent across England and Wales next year, Rightmove said.
In London the average asking price
, at nearly half a million pounds, is at a historical high, as sellers in the capital drag their heels in bringing fresh property to the market.
Four in 10 sellers there have reduced their asking price
- the seventh highest proportion in the UK.
Rising house prices now mean they're in a stronger position to hold out for their asking price
Miles Shipside, Rightmove's commercial director, said: 'Inthe second half of 2004, sellers began to trim asking prices
in response to slowing market conditions, as buyers reacted to the Bank of England's successive rate rises.
This 4-story walkup building contains 30 units and has an asking price
Statistics published by property website Rightmove in their House Price Index show that sellers' average asking price
in Wales for May 2010 reached pounds 170,562 compared to pounds 169,730 in April - a rise of 0.
THE housing market has 'passed the bottom of the downturn' with asking prices
rising for the fifth time this year.
1-bedroom, 1-bath, 794 sf duplex condo in one-year-old building; dining area, renovated kitchen, central air, high ceilings; two exposures, washer/dryer; common charges $229; taxes $18 (abated); asking price
$399,000; four weeks on the market.
On a monthly basis, Corzen gathers data on every home listed for sale, including the location, the asking price
, the number of bedrooms and bathrooms and the listing broker or agent.
The seller is then asked to refund via a wire service any amount over the asking price
and costs of shipping.
Of those homes that have had their price reduced, the average discount on the original asking price
across the country is 6.