Flat growth and slight declines.
The president of the Peoria Area Association of Realtors uses those words to discuss the area's third quarter housing market.
Tonya Burris says closed sales were down 4.3 percent from the same period last year.
"We're not terribly worried about that," Burris tells 1470 & 100.3 WMBD, "because we also had a decrease in our inventory of 18.3 percent. I think that is reflected in our sales."
Burris says the reduced inventory is affected by a recent surge in refinancings.
"Of course people who just went through refinancing are going to sit tight," says Burris. "But, at the same time, we also had a kind of stalemate on financing for our buyers."
Burris says 62 fewer homes were sold during the third quarter of this year compared to the third quarter of 2012.
The average sale price is nearly $144,000 - down nearly $12,500 from the third quarter last year. The price range with the most sales during the third quarter was less than $75,000.
The partial government shutdown has not had serious effect on area home sales as the fourth quarter is underway other than some minor delays in paperwork.
"Anyone with a 30-day closing time frame is going to have to start pushing these back to 45 and 50 days, because we lost those two weeks," says Burris.
"If you've ever financed a home you know we need to get copies of tax records and verification of Social Security numbers," explains Burris.
"The buyer/borrower themselves can get these documents but, of course, the lenders like to verify it through the IRS directly."
Burris says the biggest delay is in rural development, because those workers were not considered essential and were laid off.
"The best advice I have for a buyer or seller is to stay in constant contact with their realtor because they are staying on top it," advises Burris. "They are working with lenders to see if different financing options should be found, or if this or that needs to be switched around to make it work."
Burris says, despite the shutdown-related delays, it's still a good time to buy or sell a house in the Peoria area.
"If people are pricing their homes right and following the advice of their professionals, they are getting good offers on the property. We've actually seen an increase in multiple offers."
Burris says the area's housing inventory is well-priced and interest rates are still at historic lows.