doofrat, I don’t grab the flyers but I get automatic email updates from ziprealty.com. Then I look them up on zillow.com or on the tax assessor’s site. Then I look at the highest people paid in that neighborhood.
I’ve noticed the same thing you have. That’s why I say that we already effectively have 10%-15% price decline from the peak. Those houses haven’t sold yet so they don’t refect in the statistics. It’s just a matter of time.