. >> reporter: sort of two real estate conversations and says francisco this week, one about hecht tech ipos will drive prices through the roof or whatever is above the roof and the other about a market that is set to be slowing down. now are those two competing or contradictory ideas? well, not necessarily. >> so the number of transactions has gone down. year-to-year from where we were last year. so again, we have about 700 fewer, >> the real estate market at least measured by number of sales, continues to slow, the office reports partial transfers down 10% from last year, but as for the cause, i think it is hard to tell exactly what is driving the number. >> if we were to say the market is slowing down a bit, these days it might be accurate. whether it is cooling off would be another story entirely. >> reporter: tom is with redfin real estate, he says slower is not cooler and more important, might be the word fewer when it comes to the number of homes on the market. >> there are no less buyers on the market looking for the holy grail of housing. like a three bedroom house in the valle