During a down market in Boston, homeowners tried to sell at prices based on what they originally paid. As a result, the Boston real estate market:

Question

Quizplus · Accepted Answer

When homeowners try to sell their houses at prices based on what they originally paid during a down market, it often results in prices that are too high relative to current market conditions. This leads to an excess supply of housing because the prices are more than what buyers are willing to pay, causing houses to remain unsold.

During a Down Market in Boston, Homeowners Tried to Sell