We are seeing a lot of the same thing in Fresno -were seeing an average of 60 price reductions a day here with about 70 new listings each day. Just a few months ago - there were only about 40 price reductions a day and still an average of 70 new listings per day - so the price reductions are on the rise.. homes are sitting longer and investors are snubbing their nose at deals. Out of state is starting look more attractive....