Each area is experiancing different trend. In my opinion, many areas are seeing increased sales in the lower end price points due to REO's & Short Sales.
If you have a particular area or areas that you would like more information on, you can visit my website and request a free market snapshot.

It can provide you with a Market Snap shot of a particular area which would include all of the current and ongoing activity.

Every market is different. However, the one factor impacting nearly every market is short sales and foreclosures continue to decrease values. Unfortunately it creates a cycle or perpetual distressed properties. It will be a while yet before we see stability.

In my opinion and in my particular area, there is a rush to buy (second homes) because there have been so few deals. There is a pent up demand for affordable homes here in the Hamptons and now that prices are lower by 20-30%, people have the courage to step in, unafraid and very happy that prices have suddenly gone down!...this market is totally dependent upon Wall Street too, so with the nice leap up in the stock market recently, this is where they feel comfortable putting their money!