Ten percent off on homes...your time to buy?

When we heard late last week that Coldwell Banker was announcing a 10-day "sale" to start last Friday, you can imagine our skepticism. Here we were looking at the worst week in stock market history, and buyers are supposed to rush out their local open house listings?

If you go to ColdwellBanker.com and you can see which listings in your area are participating in the 10-day sale. I just looked and there is one house in my ZIP code that reduced it's price by $50,000 (slightly less than 10%.)

I had a chance to talk with Jim Gillespie, President and CEO, Coldwell Banker Real Estate LLC, last week about the promotion.