It's not only the VLS listings but the FSBO and MLS that seem high priced, unless the sellers haven't started to drink the 'regular' water yet. Looking at several of the mfg homes which, according to most sources, will never appreciate as fast as a stick built, some
prices are 500% over the initial valuation. And yes, I know they have been upgraded and have mature landscaping, etc. but are they up to latest code for insurance purposes.
Sellers will need to price with their heads rather than their hearts in the declining market.
I've put off any further looking until later in the year and actually next year at this time may be even better. Baby boomers are not the answer to the current economic problems.