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yes, they go stale if overpriced at listing. And then they are even harder to sell at the correct price. They can sit on the market a long time = over priced. Conversely, sell in one day = under priced.

Then it was under priced.

I have a friend who is a lawyer specialising in property/conveyancing. She contacted me yesterday to do some marketing/search engine optimisation on her website as she said her enquiries and work load has fallen through the floor. She does a lot of work for a big property marketing business...

When a property sells in one day its usually under priced. You need some resistance to the price.

My point is why doesn't a falling tide affect all boats? But you knew that. :rolleyes: Similarly, why do economic factors mean properties rise altogether but never fall. I think its more to do with the people making the judgements rather than the reality of the situation. Ive seen a few...

Why does the property saying "a rising tide raises all boats" only apply to property prices rising? Never prices falling. Economic factors are national and when property falls, it can (and will) fall everywhere.