Pfflyer. I suppose so, but what do I know? Some homes I have looked at are worth near what they are asking for them IMHO, but most are overpriced. That is still the majority of listings in the areas I am looking at. So seems the conundrum holds true.
As for those few that are worth near what they are asking, those are the ones that had multiple offers and that I got out bid or outsmarted trying to buy.