Buyer's market. Yes.
Here in Southern California, and probably in other all-year sailing locations like Florida, the major boat expense is simply the parking space. For example, slip rents in Dana Point are over $600 a month for a 35 footer, and progressively higher as the size increases. With insurance, bottom cleaning, the occasional haulout and the boat stuff that is always needed, it's a pretty big expense, even if the boat is long since paid for. Face it, this is a luxury. If it comes down to some other needed expense in these economic times, vs. the boat, guess which is going to go. There are a lot of boats of various sizes on the market in this area, and some stay on the market a very long time. Fairly frequently, some smaller (less than 30 ft.) boats are actually offered for free.