Zillow: Consumers are Asking Too Much for Their Homes

``Consumers who bought their current home in 2007 or later, but are reselling it now, are overpricing their properties by at least 14% on average, according to Zillow, the online real estate database. Meanwhile, sellers who bought their homes in two other time periods, "pre-boom" (before 2002) and "boom" (2002-2006), also are overpricing their properties -- but not by as much. In fact, of the three groups, those who bought during the boom have the lowest average overprice, 9% above current market value, while the pre-boom buyers-turned-sellers are nearly 12% overpriced.''