To answer the original question - real estate prices that were listed at "market value" have maintained their stability.
Property that was priced above market value - either due to greed, hope or lure is continuing to be advertised, but isn't moving. So property that is priced above market value but offering low down, low interest terms might move this year.
Generally it is a buyers market and cash is king.
The few properties that we have sold recently the sellers stuck to their asking prices, since the prices were reasonable to start with, and the buyers paid up because they knew they were getting a fair deal.
Most offers have been made at 10% below asking price, some of these offers have been accepted, some rejected. All in all the prices are pretty stable, and sales are slow but are happening.
I would predict that the volume of sales will pick up again around this time next year.
I see a lot of local private sales working out well in the lower priced properties. I checked with the DFC office and they had no defaults to report over the past few months - I hope this remains true.