Is the housing market cooling?

[Robert Steele]

Is it just my imagination or is the residential housing market here getting a little soft? Looking at the stats everything still looks good. Only a couple of worrying signs.

The percent of original price didn't get quite as high as it did the previous three years which could mean buyers aren't willing to chase sellers delusions of grandeur so much anymore. 

The amount of homes for sale (in Collin county) has spiked significantly higher this year. Could this be all that new construction coming on line to meet demand? I remember a decade ago investors wouldn't buy in Texas because "they breed houses like rabbits".

I am basing my concerning more on a gut feeling. I don't see the feeding frenzy of multiple offers when buying retail as much and I'm seeing house prices being reduced more often.

Am I crazy? How does it look from where you are sitting?