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Let's talk a little about some exact numbers of homes sold in Essex County from 2006 (the last "high" year of the market) to the first 2-and-a-half months of 2009. I noticed something interesting, which is that if you look at the chart below, you will see that in the towns we sell the most homes in Essex County, there has been roughly between a 1/5 to 1/3 drop off in the number of home sales, with an average national loss of about 10-15% in home values in general. 