With the cicada's symphony winding down and kids heading back to school, it's time to reevaluate home sellers and buyers. What was once June is not the same in August. Our slowdown in the market came somewhat surprisingly this year. Blazing hot became mediocre as fast as Ben Bernake can say quantitative easing. I have one home in particular that had solid comparables from 4/15 to 6/15 placing it in the $475,000 and change range that now is at $439,000 and at risk of going lower. Most people, myself included, sometimes get surprised how fast the market changes. It's mostly impossible to predict these corners in advance but we must react to them to minimize the pain once the direction is clear. If you don't want to own it in December...get it priced right now.
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