I guess it depends on where you live on lake and what type of property you are looking to buy/sell...but I don't see any real estate slow down in our neck of the woods (Kona area). I would say the turnover in the immediate coves that surround us has been about 35% over the past 6 years with nothing from tear downs to McMansions staying on the market for more than a few months. The only thing I have noticed is that prices are slightly lower than they were during the internet bubble. We have a certain real estate agent who is always bugging us to list with him...saying he has many clients who specifically want the Kona area and will not buy anywhere else on lake. This could be a sales ploy though to get you to list with him. Anyway I just don't see it in our area of the lake. Have a good one