Point breeze bubble burst?

[Joe Hudson]

Hi everyone, we finally got out 1st flip on the market back in June and traffic has been super slow. We've been keeping our eye on sales and it looks like a lot of things are sitting for quite some time now and am wondering if it's an indication that the bubble has burst for the point breeze neighborhood. Additionally, we're not seeing the ARV's on the ones that have sold to be what they were 6 months ago. Anyone have any thoughts or insight on that?

Trying not to be too nervous but am just wondering what everyone else might be seeing.  Mortgage rates are down so what are other factors to be aware of in this market?

Thanks!