There is a disconnect between what is happening in the real estate market and homeowner perceptions of what is happening. Take a look at the chart below to see what recent surveys show from the second quarter of the year.

You can see by the first example the real number is 77% of home values decreased over the past year yet only 38% of home owners see this as true. This is a market that has not been seen before by experienced real estate agents. Sellers who need to sell or to know their homes current value should look at only sold properties to determine their current market values.