I know it's a crazy market out there.  The media hype has homeowners running scared.  We are rather fortunate here in Chicagoland's Western Suburbs, as we have not taken nearly the hit that our neighbors to the north (read Michigan) south (read Florida) and southwest (read California) have.  Relatively speaking, we've fared quite well.  On average we used to see homes sell for 2-3% off list, where as now, we're seeing somewhere between 4-6% unless it's a real shiny penny.  However REAL ESTATE IS LOCAL and every neighborhood is different.  If you're curious to know what's been happening in your neighborhood, simply e-mail me with your neighborhood name and I'll be happy to post a report on your neighborhood too.