We were truly at a break-neck pace for home sales in January and February, likely the result of unseasonably mild weather, so it comes as no surprise to see sales decline to a more sustainable pace,

Our sales dropped $3,400 in November, $7,600 in December, $10,000 in January, $27,000 in February and $27,000 in March. None of my other locations have seen a drop in business - they are each averaging 2 percent growth.

The lowest actual sales numbers for the year are almost always in January or February. That's because these are the sales negotiated around the holidays.

Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing.

The housing sector has likely passed its peak . . . and the boom is winding down to an expansion.

The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.