Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

We are still in a strong sellers market but, the homes need to be priced right. We're not seeing buyers willing to pay any price just to land a property. However, we're typically a bit slower this time of year so, it's probably equal parts, a market leveling off and typical seasonal sales. 

We are due a correction; our business is cyclical and at some point, we will correct - perhaps sooner, rather than later?

Sep 04, 2018 08:57 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

We are 50/50 

In our area mostly buyer's market 

Sep 04, 2018 09:23 PM
Rainmaker
4,550,398
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I don't speculate on such things. 

Sep 04, 2018 08:21 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

We've had a seller's market in Charlotte area for going on three years now... who knows. But so long as we have a shortage of inventory it will continue to be a seller's market.

Sep 05, 2018 03:36 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

The market here is shifting but time will tell about the seller's market trend.

Sep 04, 2018 09:13 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I am pulling my market data and watching the trends.  That is the best I can do. 

Sep 05, 2018 08:14 AM
Rainmaker
755,555
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Here it went down steadily from 2005-2018. After 13 years of being down I see it continuing to go up for the forseeable future. CT was, and still is, an affordable place to buy a home. On the NY border, where I am, there is a steady flow of people leaving NY to live here. 

Sep 05, 2018 06:15 AM
Rainmaker
5,188,610
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

My crystal ball is a bit foggy this morning!

Sep 05, 2018 05:35 AM
Rainmaker
1,839,276
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I really am not going to predict, I'm going to go what is happening now. According to the wall street idiots it will end in 2020. I don't agree with their thinking.

Sep 05, 2018 04:30 AM
Rainmaker
4,847,665
Richard Weeks
Dallas, TX
REALTOR®, Broker

I wish we knew.

Sep 05, 2018 04:27 AM
Rainmaker
1,021,287
Ritu Desai 703-625-4949
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor

Northern Virginia market has shifted from HOT buyers market to a neutral market. Homes that are priced well and meets location needs are getting under contract in a short period. We are now getting back in routine after summer holidays before winter holidays kick in. Already foot traffic has increased compared to a month ago. 

Sep 05, 2018 03:25 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It is changing now, but will take 1 to 2 years to completely change.

Sep 04, 2018 10:24 PM
Rainmaker
706,402
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have been leveling off for the last few months.  It remains to be seen how the trend continues.

Sep 04, 2018 08:40 PM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       Our market has been relatively stable for quite some time.  The only houses that fly off the shelves are townhouses around $100K, and houses in "A" school zones in the northeast priced under $250K.

Sep 04, 2018 08:33 PM
Rainmaker
1,187,989
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Praful Thakkar - That is anyone's guess but I would think it could change anytime without warning. For the savvy Real Estate purchaser, the market is always HOT

Sep 05, 2018 07:08 AM
Rainmaker
2,775,006
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A 7th inning stretch is forming now. There will be no bubble, collapse or tanking! A pause will set-up the Real Estate cycle that is ready to shift. How far, how heavy and in whose favor is the unknown. Think mild not wild!

Sep 05, 2018 06:18 AM
Rainmaker
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Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

If I could foretell the future, I could retire a rich man

Sep 05, 2018 05:37 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I think the market is leveling off....

Sep 05, 2018 05:21 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I do not see a collapse coming anytime soon, but the amount of buyers is slimming and amount of homes on the market up in the higher prices but still low in the starter home market in NH. We could see a level market until the interest rate increases stop

Sep 05, 2018 05:12 AM
Rainmaker
986,552
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Doesn't really matter to me - as long as the RE market stays strong either way, I'm good with a seller or buyer market!

Sep 05, 2018 05:11 AM
Rainmaker
1,528,354
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Above $650,000 is cooling off here.

Below, there's still a high demand and low inventory.

 

Sep 05, 2018 04:49 AM
Rainmaker
259,317
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

i thought last year would begin the swing, but it keeps climbing, albeit at a slightly slower pace.. I decided to consult my magic 8 ball and asked if it was going to change in 2019 and it responded , "ask again later" so i asked before I went to be and it said  "No"

Sep 05, 2018 04:25 AM
Rainer
370,200
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Acton, MA
YOUR SendOutCard Mentor

over the next 6 months the market will balance....when prices soar beyond incomes we see pull back... this is the situation we are in ... healthy yet over cooked and as we know here in New England 25% more listings from a year ago and more price reductions over the last 4 months... Keep rocking my friend.....all good....

Sep 05, 2018 03:43 AM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

So hard to tell. We still have a shortage of homes and the cycle is still in favor of the seller. It could go on for another 2 years or more.

Sep 05, 2018 07:11 AM
Rainmaker
7,784,520
Roy Kelley
Retired - Gaithersburg, MD

'Hot' is a matter of local community perspectives.

Sep 05, 2018 05:41 AM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Depends on the micro climate. In our area before May 2018 properties outside FB, Google, Linkedin, Tesla, Apple are taking no more than 1 week to market. Many realtors are now spending 40 days to find a good offer often not what sellers asked.  I have a brand new home on the SF Bay lagoons near Orcale, Visa headquarter for almost 1 month with little showing. 

Except fools we locals all know the price maxed out a few months ago. The only reason it is holding up is the <1.5% unemployment.  They changed option rule so must techie born in the 1990s can afford 20% down, but isn't $7,490 monthly payment a bit steep?   

Sep 04, 2018 08:48 PM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

We are in stable market now. Not seller's market and not yet buyer's market.

Sep 05, 2018 08:46 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

At some point, the market will start adjusting...A

Sep 05, 2018 08:41 AM
Rainmaker
2,371,574
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Our hot market tanked about 5 years ago Praful Thakkar . We are in a very slow recovery at present.

Sep 05, 2018 07:33 AM
Ambassador
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It will vary by market.  Some have already been cooling for a while.

Sep 05, 2018 06:50 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't have a clue.

Sep 05, 2018 06:43 AM
Rainmaker
1,231,822
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Here's my 'go-to-guru'  for all things related to real estate.  Perhaps he can answer this question.

                         Guru

Sep 05, 2018 06:31 AM
Rainmaker
921,404
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Days on market above the $600K point is steadily increasing.

Days on market equal zero for real estate below $250K.

The off-spring of those who got caught in the Bank of America caused collapse are saying they want to find a job with promise of increasing income, reduce their debt, get married and have a child BEFORE buying their first home. 

What are they REALLY saying?

How would a real estate professional move the needle towards a buying decision?

Sep 05, 2018 05:43 AM
Rainer
5,984
Boyd J Campbell GRI, CRS, ePro
Silver Spring, MD
Managing Broker Century 21 New Millennium

13 months 6 days and 11 hours. Far to precise I know. The real answer is it depends on zip code. A number of markets weren't impacted as much as others. Hence, be prepared for the next hiccup and then ride it out.

Sep 05, 2018 12:41 PM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Sep 05, 2018 06:33 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck 

Sep 05, 2018 01:00 PM
Rainmaker
2,165,004
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

12-24 months

Sep 05, 2018 11:48 AM
Rainer
92,082
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

If I knew the answer to that, being able to forsee the future, I'd be the richest Realtor here...

Sep 05, 2018 11:01 AM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

We're slowing from a strong seller's market to a slightly seller's market. Waiting costs whoever did it a lot of money.

Sep 05, 2018 09:36 AM
Rainmaker
1,534,193
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I think it is cooling off right now.  

Sep 05, 2018 08:53 AM
Rainmaker
5,846,708
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We are still seeing a Seller's market, just slowing a bit.

Sep 10, 2018 07:34 AM
Rainmaker
4,969,122
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

We are in a strong sellers market because of supply and demand however buyers know the market and if the home is priced right multiple offers will occur..if not time on market is longer. The market levels off at this time of the year not like in the spring when lots of buyers are out. Bargain shopper come out trying to find a deal to close before the end ot the year.

Sep 07, 2018 06:38 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

i expect to see a balanced market by the first quarter of 2019 in Clarksville.

Sep 06, 2018 09:49 PM
Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

As soon as home builders are adding enough new homes to the inventory that sellers will have to compete with new construction.  

Sep 06, 2018 10:04 AM
Rainer
372,387
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

That is a million dollar question! My crystal ball broke back in 2008 when the mortgage industry imploded.

Sep 06, 2018 09:33 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I see markets adjusting back to normal supply and demand and many markets are now seeing an increase in supply.

Sep 06, 2018 04:50 AM
Rainmaker
1,618,781
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Till we see more inventory, not a case in most price ranges locally. 

Sep 05, 2018 09:36 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I would say 10 more years.

Sep 05, 2018 08:12 PM
Rainmaker
4,894,557
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

3 more years in Denver.

Sep 05, 2018 03:26 PM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

A lot depends on the Nov 2018 elections

Sep 05, 2018 01:29 PM