For the week 3-23 through 3-29 there were 20 residential properties sold in Craven and Pamlico Counties. Currently there are 1513 properties listed.
That is quite a lot of inventory, about a year and a half worth. Definitely a buyers market so if you are selling you better price it right or your house is likely to sit for a long time.
Some of the ecomonist are projecting the real estate market will bottom out in the first quarter of 2010. If I am a buyer I would not try to time the bottom as it is not worth the risk of missing out on the attractive interest rates.