Dramatic pricing reductions get houses sold

If you are selling your home during this holiday season, be prepared to make serious downward adjustments to your asking price.

Agents traditionally use the selling price of like homes in similar neighborhoods to price a property. These comparables, said Realtor Gayle Hagan of Coldwell Banker Residential Brokerage in Hunt Valley, aren?t worth much in a market flooded with inventory. Even a drop of $5,000 in the asking price may not generate enough interest.