depends where you live for sure. in my specific part of western s.c., still a seller's market. house next to mine, was flipped and put back on market, and it sold for its full asking price in 24 hours, with a list of disapointed potential buyers in hand. .
I feel bad for the sellers to have such a poor agent! With a list of disappointed buyers in hand, a good realtor should have been able to leverage a couple of points on the selling price.
I'm in San Diego County....no down turn in the market here. Our first home could sell for more than 2x (around $520/sf) what we bought it for at the bottom of the market in 2011 ($225/sf). And, while we haven't gotten an appraisal, it is likely our recent home has increased 10% since we bought in October of last year. And that is San Diego prices