1,844,301
No but I think that buyers are getting turned off by condition for the price. Everyone seems to want a 100% rehabbed home at the same price as a trashed one.
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Brenda Mayette
Glenville, NY
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Lynnea Miller
Bend, OR
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Joseph Domino 480-390-...
Scottsdale, AZ
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Eve Alexander
Tampa, FL
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Bob "RealMan" Timm
Minot, ND
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Ron and Alexandra Seigel
Carpinteria, CA
-
Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
1,076,551
I think buyers are fed up with the "highest and best" and multiple offer feeding frenzy. But its still extremely seller-heavy and will remain that way until inventory picks up and new home starts can get close to keeping up with demand.
That said, I still have buyers going well above list and competing with multiple offers daily. It's a jungle out there.
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Mary Ellen Holleran
Chapel Hill, NC
-
Dusty Rhoton CLHMS, AB...
Flagstaff, AZ
-
Brenda Mayette
Glenville, NY
-
Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
-
Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,049,450
Right now inventory continues to creep up and we are seeing more price adjustments but still very much a seller’s market. Vacation/summer time now so I expect to see a bit more slowing...but “slow is a bit deceptive.
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Dusty Rhoton CLHMS, AB...
Flagstaff, AZ
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Brenda Mayette
Glenville, NY
-
Lynnea Miller
Bend, OR
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Carol Williams
Wenatchee, WA
519,324
Yes, more inventory on than in a long time. More homes sitting longer, price drops too. Some is seasonal in my area, June is slower than earlier in the spring, some is a response to other factors.
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
-
Bob "RealMan" Timm
Minot, ND
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Michael Jacobs
Pasadena, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,104,931
Only in higher priced homes.
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Brenda Mayette
Glenville, NY
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
4,572,183
Every market I have ever experienced has many different aspects/changes/shifts/differences. Through this conversation/ discussion I learn more. Every day.
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
-
Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
5,772,575
Peter,
Instead of many offers, we are seeing prices being negotiated down, even when they were fairly priced based on previous sales. It is a correction in the market. A
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
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Candice A. Donofrio
Fort Mohave, AZ
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
74,540
Here in Manhattan we are having a price correction on properties over $7mm.
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Lynnea Miller
Bend, OR
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
-
Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
2,220,654
It seems like anything over 1,000,000.00 it's readjusting.
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Bob "RealMan" Timm
Minot, ND
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
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Anthony Acosta - ALLAT...
Atlanta, GA
92,082
Not here... Still running into some issues finding homes for buyers...
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
1,502,998
More the seasonal slowness of graduation and vacations.
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Brenda Mayette
Glenville, NY
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Lynnea Miller
Bend, OR
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
711,852
We are having an amazing June. Just closed on our most expensive sale ever. However, the asking price per square foot on the high end is hitting totally unrealistic figures. Remains to be seen whether or not there is push back on this.
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Bob "RealMan" Timm
Minot, ND
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Brenda Mayette
Glenville, NY
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
5,216,409
Appears the upper end is meeting price resistance lately
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Steve Higgins
Kelowna, BC
1,543,823
Yes, since February 2018 we've been correcting everywhere that's not a hot market driven by school dist. or price point.
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Bob "RealMan" Timm
Minot, ND
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Brenda Mayette
Glenville, NY
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Steve Higgins
Kelowna, BC
6,393,494
The signs have been there for about a year, just have to notice them, it all starts with the luxury homes slowing down.
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Steve Higgins
Kelowna, BC
2,390,620
The Minot ND market is just picking up now 3 years after the "bust" we experienced with the drop in oil prices Peter Mohylsky but for as long as I can remember North Dakota has always run the exact opposite of the overall National market.
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Lynnea Miller
Bend, OR
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Steve Higgins
Kelowna, BC
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Michael Jacobs
Pasadena, CA
5,583,278
there's a price correction, but our business just had a boost of calls...listings and buyers....
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Lynnea Miller
Bend, OR
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
921,504
Market is always changing.
What you see depends on where you look.
However, I have bee 'hearing' not 'seeing' concerns about the economy suggesting a more conservative, less risk conversations in the general public.
Agents may be well advised to learn how to create the safety net for those who are risk adverse.
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Lynnea Miller
Bend, OR
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
809,258
Spring was nuts. We have seen a tiny slow down since summer, but not much. After all, we are the fastest growing metropolitan area in the country... -Kasey
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Bob "RealMan" Timm
Minot, ND
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Brenda Mayette
Glenville, NY
2,182,552
not yet
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Bob "RealMan" Timm
Minot, ND
2,781,173
Holding steady....It is safe to say there will be no crash but a pause
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Bob "RealMan" Timm
Minot, ND
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Steve Higgins
Kelowna, BC
2,684,109
It's fairly stable over here in Tallahassee, Peter.
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Bob "RealMan" Timm
Minot, ND
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Steve Higgins
Kelowna, BC
7,836,139
716,049
3,416,038
We did not really have an early spring market. The spring market came late and a mass of new listings ht the market with most sold. It does seem buyers are slowing or is it from a lack of listings again?
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Bob "RealMan" Timm
Minot, ND
851,242
Inventory is starting to creep up a bit, buyers are getting frustrated with the routiness of multiple offer situations, & some sellers are thinking they can overprice their home "just because". And meanwhile, graduation & vacations are pulling a lot of attention away from real estate but hey! we know it never really sleeps. :)
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Bob "RealMan" Timm
Minot, ND
44,891
price reductions and DOM are beginning to increase
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Bob "RealMan" Timm
Minot, ND
2,436,099
I'm seeing a lot of multiple-offer situations here.
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Bob "RealMan" Timm
Minot, ND
4,319,419
Peter Mohylsky - not in our market - yet.
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Bob "RealMan" Timm
Minot, ND
805,909
We are definitely readjusting to a balanced market.
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Bob "RealMan" Timm
Minot, ND
1,311,397
Buyers want to believe that the market is slowing down. Yet…there is a nation-wide shortage of inventory of homes for sale. How slow can the market get in the face of that kind of supply/demand imbalance? A slow-down in the San Francisco Bay area would be if the market when from absolutely crazy to just merely rising, rising, rising.
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Bob "RealMan" Timm
Minot, ND
1,712,676
I am making the adjustment to higher sales.
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Bob "RealMan" Timm
Minot, ND
2,178,603
I hope it stablizes for buyers AND renters soon!
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Bob "RealMan" Timm
Minot, ND
4,936,705
396,289
I feel that buyers are shopping longer and taking longer to make an offer.
281,639
I am not sure if this is market doldrums here in Orlando or just the summer market slow down every year. I know inventory is low. A big issue with builders who used to routinely construct spec houses for years is that banks have throttled that type of lending.
719,838
Peter, sellers are still in the drivers seat due to limited inventory and relentless buyer demand in all price ranges except for the high end homes in our Tippecanoe County real estate market. No let up in sight.
3,988,007
Yes I am seeing signs in my area, wrote a post on it and talked to our agents about the signs in our meeting this week.
4,434,127
5,868,554
2,760
3,986,258
No not yet although there seem to e some pundints that want to see a bust.
763,883
The ebbs and flows of interest rates affect the current market for the short run but it seems to be rather stable and steady this year. Demand is high and multiple offer are the norm.
321,564
Yes, we have slowed in certain markets. This is a great time to sell, but hard to purchase at reasonable price. I believe buyers are tired of bidding wars or overpaying.
3,345,091
Not yet. Even with a little more inventory is it not enough to keep up with the demand.
1,725,996
In San Diego; definitely. Affordability is the issue.
Sarasota: not by a long shot
283,833
The median home price in Flagstaff is $350,000 and home prices have gone up 7.3% over the past year and it appears it will keep moving in an upward direction. The median list price in Flagstaff p/foot is $217 which is higher than the metro area of $215. I am seeing more price adjustments as buyers are demanding homes to be move in ready for the higher prices which is why we are seeing price adjustments.
Average rents in our area are still high at around $2,000 p/month. I hope inventory picks up soon especially with an impending interest rate increase again!
4,882,355
644,025
yes, an adjustment is taking place, inventory slowly coming on market but interest rates rising
4,800,082
3,071,489