If you're speaking of our market here in Las Vegas, I can only tell you what I've seen from this year compared to last. Last year, only about 1/3 of the properties on the market didn't have offers. This year, its just less than 1/2. Although we've slowed some, because our prices are very low and keep dropping (more in some zip codes than others), we continue to be very active. But until the economy here picks up, we'll continue to see our market struggle in terms of qualified buyers (with gainful employment) and prices stablize so they don't keep dropping, making Vegas a good bet again.
That and $1 will get you a cup of coffee (not at Starbucks).