Quoted from jkleinnd:A pinball machine is "overpriced" when it's not selling. When I scan Pinside, CL, Ebay, etc for my wishlist everything I'm looking for seems now 50% higher than a year ago, even 6 mos ago. That alone doesn't mean they're overpriced. But I honestly question whether anything is selling at these prices. They sure sit out there for a long time. That, to me, is the market definition of overpriced. It's called "waiting for the market to come to you." Similar to the "Make me sell" feature on Zillow... my home is not really for sale unless you want to pay me this crazy amount of money. Not sure these are legitimate sellers, and it confuses the market.
Homes were selling at crazy prices right up until the wheels came off the bus that was driving the inflated, broken model that was fueling the growth. That doesn't mean all those houses weren't overpriced or inflated just because they actually sold.
Prices can still be out of character and abnormal and still be moving product.
Where were all these "market sets the price" believers when gas was $4-$5 and people were freaking out over how gas was so expensive... 
Wilmington, DE
Barrie, ON
