My “dream home” is still overpriced and could easily drop another 10 to 20 percent in the coming year or two, IMO.
But I wouldn’t be able to afford my dream home comfortably, even with that price drop.
Houses in a more comfortable price range seem to be selling like crazy at or near asking, as long as they’re in livable condition. By “livable” I don’t mean spotless and move-in ready … I mean fit for human habitation.