Sergio Dionisio / Bloomberg

If you’ve set your sights on getting a TV for Christmas, this may be your year.

There are too many LCD TV panels on the market and the glut is leading to a drop in TV prices, as much as 12 percent lower than last year, according to Austin research firm DisplaySearch.

According to CNN:

“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. … “Why is the supply chain so overstuffed? Because demand for flat-screen TVs has been sluggish this year, thanks in part to manufacturers’ decision to hold back on price chops. The average selling price for LCD TVs even increased in July, as larger TVs and those with Internet and 3-D capabilities were added to the mix. “Prices finally starting to fall in August — after this summer’s World Cup proved to be a much smaller sales catalyst than TV makers had hoped. …”

And with people tightening their budgets during uncertain times, sales haven’t been as swift as expected.

The price drop may not last, and this fall may be the time to act. According to the Taipei Times: