Im in central Florida and the market here has only dropped about 5-7%. We are getting more and more inventory coming on the market and now have approx 3 months of inventory.
New home builders are getting more aggressive with ways to bring in buyers by giving more closing cost bucks, more options, a year of paid HOA fees and other marketing gimmicks.
Im getting ready to move to Southern New Hampshire and I must say I am pleased by the price drops there. I get the emails from Realtor.com everyday, this one down $20K, This one down $10K, down $5K etc etc.
I know we are going to be like this for the next 2 quarters anyway. But tell us, Whats it like in your area.