For several years it is been a "sellers' market" with home values consistently appreciating and buyers having to make a decision quickly if they found a property they liked.
The past fews months things have seemed to level out in our area. While we haven't seen a big drop in prices they definitely have softened with higher-end properties sitting on the market a bit longer.
This article in the World Property Journal backs up what we are seeing with stats from Zillow's Buyer-Seller Index.
Mortgage Rates Lower than a Year Ago
