How is the housing market holding up in wichita (for sale, real estate)

[talbet]

Things are slowing every where but how are things in the housing market holding up? I see more for sale and the prices are about 3% less on avg then they were a year ago. In my family’s subdivision over on turkey creek they have slowed down breaking ground. The real estate lady up front said that they were slow in selling so the new starts were slowing down. What has every one else seen? If my home sells I hope to snag a deal. I hate to get ahead on someone’s misery but it may actually help someone.

[drjones96]

What I'm seeing in my own neighborhood is the builders are holding pretty firm on prices....and they aren't selling jack.

[talbet]

Originally Posted by drjones96

What I'm seeing in my own neighborhood is the builders are holding pretty firm on prices....and they aren't selling jack.

That is what I am seeing. They are not building like a year or so ago, and homes are not selling but they are holding to their prices. It will catch up to them though, it has to. With lay offs and the economy hitting everyone from every angle prices will have to move down. I have started to see them move down on craigslist, and my realtor says that the layoffs will hit hard near the end of 09. This may be the best time to buy.