You are right about the inventory of boats. A quick survey shows about 63,000 listed on boat trader vs 85,000 just a few months ago. That really is a very significant drop (consider that there will be a base number that just sit and the smaller % of good ones sell).
Still, there are a lot of boats that have been on the market for well over a year, sometimes three. So, I think it really depends. No question the best boats do go fast. A Farr 38 like yours will be at a premium. I do think they are going for less than they would have two yrs ago.
For someone looking for a more common boat, that does not have the needs that you and I and many other people do, it can be a buyers market. For example, anyone wanting a classic plastic 70''s Pearson 35 or even a 80''s Morgan 38, any Bene/Hunter/Lina can pick and choose and set their own price.
Jeff, by the way, I found my boat! Put a contract on her for a very good price and we are negotiating. Your postings and personal letters were invaluable. I don''t want to mention it here ... but will tell all when the deal is completed. Has been an interesting year. I appreciate your consideration.