There were two articles on boston.com about the end of the housing bubble in the Boston area. First is an article about conditional offers, and second an article about the increasing supply of single family homes in the suburbs.
To my untrained eye, it seems like maybe the bubble is beginning to burst. It sounds like sellers are starting to have a harder time, and either have to wait for 6-7 months, or cut their prices to a more reasonable level (and probably both!). With an increase of conditional offers, one greedy seller can put a whole series of sales on hold as he tries to squeeze the most out of his overpriced property.
Not all is gloomy though. It sounds like condo sales are as strong as ever. Still, I'm glad we ended up passing on those condos last year. It would've been a tough situation had we gone with 100% financing like we planned, and we were forced to sell in order to move into a bigger place. Since then, we've moved into a cheaper apartment, and we're making good strides to saving a reasonable down payment. Still, there's no way we'll ever be able to afford a house in the northeast, so when the time comes we'll probably have to try our luck elsewhere.