RE Market's bottom - we aren't there yet

[George P.]

Does anyone expect the prices (in their area) to come back down to what they were before the boom started? Generally, most economists believe that when the booms end, the market comes back to pre-boom pricing.
I keep my eye on the listings/solds in Baltimore Surroundings and observing the strong trend down. Not down to pre-2005 yet, but I think another 6-12 months and we'll get really close.

Thoughts?