There is a standstill situation. We all thought September was going to be a strong month, but that did not happen. The phones did not ring. Turnout at the open houses was low, lower than we had expected.

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The buyers are saying we are not willing to pay these prices. The sellers are saying you are asking me to lower the price, but I see that if I compare it I am very well priced. My answer is everything is overpriced.

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The problem was you really could not differentiate between serious sellers and those that were testing the market.

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