Sold over asking signs. You've probably seen them everywhere.  Don't get used to that though because that's starting to fade away. Every single home was selling over asking up until maybe a month ago.  You still see them now, but not as often as before because the market is shifting.  You can see it. The number of showings are down, the number of offers are down.  Offer dates come and there are no offers or maybe just one or two as opposed to 10 or 15 like there were months ago. So keep that in mind - the market is slowing.

Affordability is getting better, in a way, because the prices are coming down.  It might be an opportunity to get in but I have a feeling that we are going to see a bit more of a decline over the next few months.
Here's a seller tip:  I've had a few like this where I've sold the property for a large amount of money, then the closing date comes around and all of a sudden they can't close because the bank came in with their appraisal at $100-$150k less, 10-15% less, than when they purchased.  So the buyer has to make up the difference - they have to go to B lenders, they have to go to family members, they have to go everywhere to try and raise money. And then they have to delay the closing. Normally, the closings work because they don't want to get sued and lose their deposit. 

Occasionally though, they don't work. I'm lucky, as I haven't had any fall through yet, which is nice. So my tip is if you're selling, go for the quickest closing you can, because you don't want the market to fluctuate too much.  And also make sure you get a sizable deposit.  A really good deposit that's big enough that someone is going to say - hey, I can't afford to walk away from that - I'll jump through every single hoop I can to buy this house and to close this deal.

Also, if you're a seller right now, make sure you get used to financing and home inspection clauses coming back in. The days of sold firm and no conditions are going to be gone soon.

If you're selling, it used to be that we would look at the last sale on the street. If it sold for $1,199,000, then we'd list at the same price and hold off the offers to sell for $1,200,000 or $1,350,000.  But now, if the house down the street similar to yours sold for $1,199,000 you have to list slightly lower - I wouldn't go the same price, just slightly lower - you always want to be ahead of the curve.

Hope these tips help you out!