I follow the market for Seattle East side pretty closely and prices have definitely dropped compared to a year ago. A ton of houses that were listed with ridiculous early 2022 prices have been re-listed multiple times to lower prices, in many cases dropping the price by well over 6 figures. One example a house in my neighborhood initially listed for 1.8m ended up selling for 1.45m
No, which goes to say the price-escalations and white-hot housing markets are still a thing across North America, straight through the tech crash, bond crash, layoffs, and now banking crisis.