It happens every year. People get the idea that they would like to move during the last quarter of the year but decide to defer action until after the holidays. This time of year is a self-fulfilling prophecy of sorts, people think that it is a slow time of year for sales so they avoid buying or selling, thus making it even slower. In truth, there are sales happening every day and this time of year most of the action is from people who have a burning reason to move. The people who have a desire to move, not the NEED to move usually wait for the new year. Anyway, my point is that there is usually a big surge in new listings in the first few weeks of January. Along with the new listings will be a new batch of buyers to find the left over deals from 2006. So, if you are trolling around waiting for that next price reduction on that house you have been watching, now might be a good time to make that offer. There may be more competition in the coming weeks.