The Ann Arbor News from Michigan. "Washtenaw County home and condo sales were steady in July compared to the same month last year, although the average sale price of a house plummeted nearly $28,200 - a 10.6 percent drop - to $236,209, the Ann Arbor Area Board of Realtors reported this month."

For those who purchased homes a year ago, such news can be a little bit intimidating; the same holds true, of course, for sellers. Still, the reality is that those who are thinking about buying a home of their own will find that they are in a far better position to get their home at a reasonable price.

Whether you're looking for your first home or you are looking for the chance to move into a larger or smaller property, whether you're focused on living within a particular community or neighborhood or you're flexible provided the home itself meets your needs, you'll find that the current market is good for buying a home and saving in the process.