What is the impact of a falling market on real estate prices?

There was also a falling market in Hassel v. Khoshgoo, 2010 BCSC 233. The defendant submitted copies of real estate listings for other properties at various prices and a tax assessment for the property, none of which demonstrated that it would have been possible to sell the property at a higher price than was obtained by the plaintiffs under difficult prevailing market conditions. The court was satisfied that the plaintiffs took all reasonable steps to sell the property for the highest price possible within a reasonable period of time. In that case, the property was listed for resale at the original contract price and the listed price was reduced four times within four months upon the recommendation of the realtor. When three offers were received, the plaintiffs sold to the highest bidder less than four months after the breach. The measure of damages was the difference between the original contract price and the eventual resale price.