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That is what happened to me. I sold my house in NJ for near top of the market in '06. In '05, houses in my development got multiple offers at the open house and sold for over the asking price.

By end of summer, that was slowing down. So I hurried and put mine up for sale in '06. It sold right away. It was another year before things tanked. But I was delighted to get my asking price.

Buyer sold a dozen years later for a 10% loss and that after at least $30k in improvements.
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