supply is still low and tons of buyers are there but just waiting on the sidelines. If things turn around expect a violent spike to the upside as every buyer that was holding out piles in to not get priced out yet again. Things that will cause meaningful price drops are just not there. High rates, high supply, migration out of the city. You won't get significant price declines when the government is doing everything in it's power to prop up the housing market. It just won't happen. So if you see something you like, buy it or you'll probably regret it later when the prediction of lower prices and tons of listings don't end up materializing.
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