“Local experts note that homes priced “right” continue to sell in a short amount of time”, Local Experts say. Does that mean priced low?

Hampel said that home prices need to correct after a sharp run-up during the real estate boom of 2004 and 2005, when the median price of existing homes shot up 23 percent above the 2003 level.

That boom was at least partly fed by an increase in non-traditional mortgage loans, which expanded the number of potential home buyers.