Can you help me understand? My friends in New York tell me that house prices are down more than 20% from 1 year ago. Real estate agents are desperate for sales.

Can you help me understand? My friends in New York tell me that house prices are down more than 20% from 1 year ago. Real estate agents are desperate for sales. Most houses in New York have been taken off the market because prices are too low. My place in Manhattan is down 20%. Where is the bubble???