Between our quarterly Market In This Moment reports, broker/owner Katy Donovan shares what she's seeing on the ground across Rhode Island and Southeastern Massachusetts. Here's her take this month.

Buyers are done overpaying. While the market is starved for inventory, buyers have grown weary of overpriced properties. They're either willing to wait or to make offers that come in below asking price. For the full picture, see our latest Market In This Moment report.

Smart sellers are pricing under value. The sellers getting the most and best offers are the ones pricing slightly under value to draw competition. The ones overpricing usually end up right back at, or below, where they would have landed had they priced it correctly from the start.

Appraisers don't care what Zillow says. And neither should you. Sellers using a Zestimate as their guide should be wary. By Zillow's own published data, the median error rate for off-market homes is around 7%. To know the true value of your home, reach out to a seasoned realtor who has done a lot of business in your micro-market. And if you want to drill down to the exact value at a moment in time, have an appraisal done. An internet algorithm won't tell you the value of your home as much as you'd like it to. It's too nuanced.