what does the red arrow mean next to the for sale price?

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April 29 2009
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Answers (2)

Profile picture for jmattan
Thanks Norma. Actually, I am talking about on Zillow as I see a red arrow but it is pointing up, not down.

What does that mean?
Jeff
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Profile picture for PVPro
In my MLS the red arrow indicates the orginal list price was reduced.  Thus the red arrow points downward. If the arrow is green and pointing upward the pirce was increased.

In today's market you will see many more red arrows than green ones.  However, if a property was off the market then relisted at a lower price, that information can be found under history (H) or by clicking on the numeral indicating days on market.
 
Not all this information may be available to a consumer, but your local agent can provide you with the historical information on listings of interest to you.
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