Wonk reader fronesis just shared a local home buying experience that should be of interest to all buyers — and sellers:

We looked for our place for almost a year, and I’d say that on average, 70% of the Baltimore market is WAY overpriced.

In terms of what things are actually selling for in Baltimore right now, I don’t think the market has all that much further to fall. But for those people that still have their houses listed at or just a little below 2007 prices – they aren’t even close to reality.

Full story is available on The Baltimore Sun