Prices are definitely down compared to last spring because of the $8000 first time buyer credit last spring. The credit caused a feeding frenzy among 1st time buyers and pushed prices higher with bidding wars, etc. When the credit ended, the market died for sellers (last summer was the worst). As long as a P&S was signed by April 30, the buyer credit was available. Closings last May, June and July would still reflect some of that activity. My guess is that the real comparison numbers will come in around August this year.