I attended a few open homes this past weekend and found myself the only viewer at each home. I'm located in the Bay of plenty where it appears out of town investers are flooding the market as they attempt to off load properties generally in the $150-$300k range. From what i have been told, most recent sales have been well below the listing prices and agents more than happy to listen to any offers presented. Yes, investers are back in the market but are looking more than ever for properties which they can pick up 30-40% below market valuation. In my opinion we are still on a slippery slope...who knows when and where it will level out at, only time will tell.