I find it very interesting that most of the discussions regarding falling prices are centered around "list prices". If you are not comparing last year's sales prices to this year's sales prices you are wasting your time. The fact that "list prices" are falling has nothing to do with property values. Values are determined by actual sales not "list price". The lowering of a "list price" in no way decreaes the value of the property. (It was obviously never worth the original list price). Show me a drop in sales prices on a per square foot basis of like properties from last year to this year and then we can talk about falling prices. :nono1: