Buyers Rule

In June, Bob and Jane Baker tour a five-bedroom home listed for $1.69 million in Sherman Oaks. The agent welcomed them, dog Digby and all. For most of the year, it has been a buyers' market. Sellers found that they had to hold open houses, offer concessions and, most important, price their homes right.

( Anne Cusack / Los Angeles Times )

In June, Bob and Jane Baker tour a five-bedroom home listed for $1.69 million in Sherman Oaks. The agent welcomed them, dog Digby and all. For most of the year, it has been a buyers' market. Sellers found that they had to hold open houses, offer concessions and, most important, price their homes right.

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