Asking prices are irrelevant. You can ask whatever you want for property, houses, boats, cars etc but a free market determines the price it is sold at.
It’s pointless to highlight reduced asking prices unless of course the asking prices are less than past sales. More data is needed before this claim can be made.

A 1 month decline of $4.5k (from the previous month’s historic high!) and 2% yoy INCREASE in resale sfr median prices hardly presages a 50% decline. Sure multi-million dollar sales are skewing the median but how is that such a negative for col.