Here in far Northern CA we're seeing a very interesting market. It peaked about 2 years ago, and prices have come back but only slightly. Now we're seeing a multitude of homes on the market and none of them are selling. Buyers aren't biting on the inflated prices and owners are too stubborn (many out of pure necessity) to come down on the price. I get the feeling that prices are about to drop like a rock as inventory continues to grow.
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