Here is what I'm currently seeing on the front lines for Spring 2013. Sales volume is still below our normal levels - down approx 20 to25%. That said prices have not really come down much more since my last update for Winter and for the most part seem to be treading water. It's a classic Mexican standoff where neither side wants to blink. Many sellers who were unable to get their price this past Fall and Winter simply took their home off the market and have not re-listed it and many buyers are still in a wait and see mode. In early March I started to notice a fairly large increase in showings and sales for units priced under $250,000. I think 1st time buyers who have been looking the past 12 months are finally deciding to take the plunge and buy. With the rock bottom interest rates many first time buyers are realizing that it's cheaper to buy than to rent to rent right now.