As usual Asianautica pretty much pegged it dead on. I know you have been very diligent tracking properties in MM over the past year. The longer you can hold out the better. If you cannot I understand. Don’t panic or be surprised if we get a little jump in the spring. It will just be a seasonal thing and then the trend will continue. (note we may not even get that seasonal bump but I tend to think we will)
You seem like you know what is going on so building up that downpayment is optimal. As you remarked above that 1600 sf model in Sommerset is about the largest model in that subdivision. As Anaut pointed out some areas of MM have held up better then others… I take if that mom the babysitter is on the west side of town. Good deals will come and will be more and more prevalent. It will just take time.