A rather unscientific view of the market: My husband looks at the VLS listing of preowned houses in the paper. daily. For the past few months there are approximately 48+/- listings each day; usually there is only one "pending", if any.
Last year during the boom, however, there were often more preowned houses pending under contract than not pending. So, yes, there is a real slowdown. And the preowned prices seem unreasonably high, especially for patio villas.
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