...in the local free rag, which is basically EA junk mail with a few pointless local interest stories thrown in for good measure. One EA had a two page spread mainly featuring houses that they have "sold subject to contract". Alongside the initial asking price was the "agreed sale price", all of which were 15-20% lower than what they had been marketed at.
I guess this has a two fold effect. It hi lights to potential sellers that they are not going to get a sale at the asking prices of last year and that they should market their property at a realistic price, and it encourages more sales as potential buyers realise they will get huge discounts if they put in low offers.
Looks like the EA's are finally on the side of the buyer. I guess they don't want to lose all that lovely commission.