People either bought there homes when the market was high or refinanced at an inflated value thinking the property would continue to increase in value but unfortunately that was not the case.There are now a lot of short sales and bank owned properties. It is a great time for investors and first time buyers. As long as the offers are reasonable and the buyer is patient.
We all know the condition of the economy, and you are entering the slower season. Those homes that were priced incorrectly will linger, thus giving you the illusion of many homes with aggressive sale prices.