Yesterday's Open House

I held open 212 Everett yesterday. I believe it was the 4th OH we've had. I found there to be suprisingly good traffic. No neighbors (we usually see them during the first weekend open). Everyone who came through (about 12 groups) were real buyers. I often ask the question "Are you looking for a house or just out looking at houses?" to greet them and gather their intentions--- all of them were actively looking. Having said that, the prevailing attitude was that prices would continue to come down even further. The question for today's buyer is, do you wait for prices to drop and then go "all in" against all your fellow buyers or do you make those offers now with the number adjusted accordingly (to where you think the market has gone) and avoid competing?