CONSUMER ALERT: Prices For Flat-Screen TVs To Plunge For Holiday - Spokane, North Idaho News & Weather KHQ.com

CONSUMER ALERT: Prices For Flat-Screen TVs To Plunge For Holiday Season

NEW YORK (CNNMoney.com) -  An historically large oversupply of LCD TV panels is causing television prices to fall right in time for the holiday shopping season.

By the end of this month, LCD TV prices will be about 5% lower than they were at the same time last year, according research firm DisplaySearch. But a tailspin will start in October.  In the last three months of the year, the firm forecasts that prices will keep falling until they bottom out at 12% below 2009 levels.

In some blowout sales, the price slash could be even more dramatic.

On Black Friday, 32-inch LCD TVs will drop to an average price of between $249 and $299, with the best deals as low as $199, according to a prediction from research firm iSuppli. The 32-inch LCD TVs currently sell for $349 to $399, on average, with the cheapest model (Emerson's LC320EMX) selling for $300.

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