Home Prices Trending Down

A recent review of the 35 homes for sale in St James Plantation shows that 16 home sellers have authorized a price reduction. Reductions range from $10,000 to $273,333; all relative to the list price. The average time on the market has become longer than it was just 6 weeks ago.
Will keep an eye on this transition, and report back. Could we be returning to a buyers’ market?