Listings are gradually coming down, now at 8387 today--we were at over 9200 just a couple of weeks ago. Listings are going the 'right' way, which should translate into stabilizing prices, creating that elusive BALANCED MARKET. Right now it is a buyers market--loads of selection and negotiating power is with buers, though Sellers are hanging tight to their asking prices and I have not seen a huge drop in prices.
The 'Actual' Numbers say the following, Using the Average Selling Price for Single Family Homes Only:
2010 Jan $441,217 starting point
Feb $458,254, up 3.86% from Jan
Mar $471,269 up 2.8% from Feb
Apr $460,378 down 2.3% from Mar
May$483,240 up 5 % from Apr
Jun $481,964 down 0.3 % from May
2010 Overall Average Prices are UP over 9% on Single Family Homes!

What’s currently happening....
Up to July 21, 2010 $475,915 down 1.3% from Jun...though the month is not over! Still at 7.76% up since January prices.

To use Median Prices, January’s Single Family Median was $398,000, June was $418,900—up 5.25%.
Our Real Estate Market looks very positive!