Get the solds and see what they are selling for.  In the core houses are still going for above listing - just not crazy above list.  In addition, many houses are being listed for what people think they should get for them, so some go for list and others go for a tad below.  either way there is no major slowdown and housing prices aren't really going down, just a psychological slowdown.  They will pick up again and BTW - rates aren't going anywhere - look south, look at the lunatic in the WH and read one article a week and learn about the instability being created down there - nobody is going to raise rates in this environment