As Housing Conditions Weaken Vendors Are Increasingly Offering Discounts in Order to Sell

Vendor discount is calculated by measuring the percentage difference between the initially advertised price of a property and the contract price of the property.  Nationally, around 75% of properties sold by private treaty over the three months to January 2019 sold for less than the original list price highlighting how prevalent discounting is.  Vendor discounting is reported as a negative percentage highlighting the drop in price, with a lower figure representing a larger discount.  The…