Christina Aguilera - Aguilera Slashes Home Listing By $2 Million

CHRISTINA AGUILERA is feeling the effects of the U.S. housing market slump - she's slashed the price of her Hollywood Hills mansion by $2 million (£1.3 million) in the last two years.

The singer initially listed the property in 2008 for $7.995 million (£5.3 million), and subsequently purchased Ozzy and Sharon Osbourne's $11.5 million (£7.7 million) home in Beverly Hills after the birth of her son, Max.

But Aguilera's home in the Hills has yet to sell, forcing her to knock millions off the buying price over the years.

According to HousingWatch.com, the star dropped the price by another $255,000 (£170,000) last week (begs23Aug10), bringing the listing price down to $5.995 million (£3.9 million) in a last ditch bid to sell.

Sales of previously occupied homes in the U.S. plunged 27 per cent in July (10), the lowest monthly drop in the last 15 years, according to a recent report by the National Association of Realtors.