This spring Trulia.com
launched a nationwide filter that enables consumers to search 3.2 million listings for price reductions. Enter a town or zip code, and reduced-price homes will come up.
Details include the number of times the price has dropped, the dates, by how much and the percentage of the reduction.
That's useful information: It can demonstrate that the seller is getting especially anxious about making the sale and consumers can adjust their offers accordingly.
If, for example, a home has gone through price cuts at regular intervals and is due for another, a buyer may want to wait a few days to make an offer.
The site also offers a new comparison feature that allows consumers to look at four listings side-by-side, making it easier to judge the home features and data.
"The tools can be used to take the pulse of the market today," said Ken Shuman, Trulia's head of communications. NEXT: House hunt on YouTube