As mentioned in a previous blog I thought I would break down a few numbers. So here you go:

IN the 350-400,000 price range

Sales are down 22.4%  (BAD)

New listings are also down 30% (good less competition coming on the market)

Days on the Market down 40% (good what is there is staying on the market less time) =   102 days

On the other end of the scale:  In the 150-200,000 price range in the Columbia School District

Sales are down 15.64% (Bad)

New lisings are also down, but only by 4.26% (bad when compared with the amount that sales are down). 

Days on the Market is also down 8% but this only translates to an average of 73 days on the market. 

While I've indicated bad and good, really over time will tell.  It's a great time for people to buy.  My gut tells me these great interest rates won't last forever.