Thanks for your report. It is in line to what I am hearing. I have relatives living near Charlottesville (Nelson County). They have seen the price of real estate they own soar over the past 6-7 years, but not much in the past two years.
They invest in RE and are unable to find anything they consider a "bargain" even now. So even though price appreciation appears to have halted so far there is not much in the way of prices falling either.
Now if I could just get this darn crystal ball to turn on.