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State O' the Market

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"From talks with colleagues, it is soft. Overpriced properties are lingering, price reductions are common, and buyers are much savvier than they are being given credit for by sellers. If you think you can fool a buyer into paying a 10% premium over 2007 comp's, think again! You'll only be doing your listing a disservice, and chances are it will remain on the market with little to now traffic until seller denial is overcome by reality. Seller denial is a very powerful thing." [UrbanDigs]