A pair of reports from Idaho. "If you're looking to buy a home in the Wood River Valley, there are almost 1,100 of them to choose from. That's about 400 more than were on the market at this time last year. 'It's a good time to look around and make an offer, because there are deals to be had,' said Jim Figge, president of the Sawtooth Board of Realtors."

"Meanwhile, prices have started to drop, in some cases by as much as 10 percent."

"Figge acknowledged that the residential housing market has been unusually flat this summer. 'Our phones are more quiet than usual for the end of July,' Figge said. I think there's a lot of people who have a sit-back-and-wait attitude,' he said. 'Buyers are witnessing that our market is in a period of adjustment, and they're electing not to buy. They're waiting to see what the market will do.'"

"So, what's going on with the valley's housing market? The market has leveled off and is readjusting following the recent real estate boom. Figge said many potential buyers are waiting to see if prices are going to come down further."

"He said some sellers have overpriced their properties because of the real estate boom of the past few years. Now that the market has flattened out, they may have to lower prices if they're anxious to sell."

"'I don't think anyone is chipping into their equity yet,' he said. 'I think what sellers need to do is make it look like a deal, so it looks like if you don't buy it, the next guy will.'"

"If you're thinking about buying a house in Kootenai County this summer you will have more to choose from. More than 1,800 homes are on the market right now, an increase of over 600 homes from last year and real estate agents say the market is finally cooling down after a year of record sales."

"Real estate agents say the tables have turned and with more homes on the market buyers have more selection and that means it's taking longer to sell a home."

"'We don't have as many investors in the market as we did last year and we do have more listings because I think they saw what happened last year and wanted to take advantage of the acceleration in prices,' (realtor) Christy Oetken said."

"People looking to sell their homes may be too late. Buyers are paying on average $3,000 less than the asking price, and because there are more homes on the market it's taking 30 days longer to sell."