Yard sales have long been a microcosm of free trade. Over the past two years, prices at yard sales have been in a steady decline. Three years ago, hardcover books went for $3.00; button-down shirts were $3.00; jeans were $5.00 and board games were $2.00: or Yard Sale Index (YSI) of 13. The Yard Sale Index is calculated by adding the average prices for the four sentinel yard sale items (hard-cover books, button down shirts, jeans and board games). As of 12/2008, hardcover books are 50 cents; button down shirts are $1.00; jeans are $2.00 and board games are 50 cents; or a Yard Sale Index (YSI) of 4.
Also of note, there are fewer early-bird customers at yard sales. More customers are arriving at the 9-10 o'clock time frame when bargaining may be more successful and sellers are worried about being stuck lugging their left-over items to Goodwill or back to their garage or storage.
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