That’s not new though. Buyer’s market, seller’s market, blah blah blah. What does it mean really? Homes are always overpriced. Always have been.
Most homes are overpriced. Through good and bad, sellers usually overprice their homes. The average active list price for a single family home in Denver for 2006 was 20% higher than the average list price of the homes that sell. That’s why in a typical month between 5% and 10% of all listings on the market expire without selling.
Sellers need time to soften up. Most sellers don’t let their home go for much less than the asking price in Denver. A typical Denver home sells for 2% less than the list price.
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When Bill Gates was 13, a parents group enabled his school to buy a Teletype machine and computer time on a remote GE computer that used the BASIC programming language; he, Paul Allen, and others became intrigued by the technology, including obviously the immediate feedback they got from programming in an easy programming language. He went on to learn other languages, found Microsoft and become a gazillionare.

