The real estate market was surely slow for 2006. Now the question is: has it bottomed out yet?
I know at least 2 persons who were trying to sell their houses. Both pulled their houses off the market after more than half a year of no buyers and a couple of low-ball offers. I guess they are not alone. If you count the number of people who have decided to hold on to their houses and ride out this slow market, I am willing to bet that the real estate market is far from bottoming out.