The LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.