

554,600
You can't sustain record-breaking years, year after year. For example, in our market, compared to October 2017, our October 2018 sales were down (but only down a few sales), but October 2017 was the highest recorded number of sales ever. In our office, we cringe at the headlines because they read how the market is coming to a halt, an end, and the recession is near, when really they don't look at the biggest historical picture. We are slowly moving towards a balanced market but at this slow pace, it will probably be a few years before we are in a balanced market let alone a buyer's market. We have already forgotten what a "normal" market looks like.
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Will Hamm
Aurora, CO
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
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Jeff Dowler, CRS
Carlsbad, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Lyn Sims
Schaumburg, IL
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Joyce M. Marsh
Daytona Beach, FL
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Fred Griffin Florida R...
Tallahassee, FL
5,183,469
I just track my own numbers. They are the ones that count.
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Francine Viola
Olympia, WA
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Debe Maxwell, CRS
Charlotte, NC
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Carol Williams
Wenatchee, WA
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Michael J. Perry
Lancaster, PA
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
3,448,581
My market has experienced that for several years. We are only now seeing more inventory, longer days on market, and prices dropping, and overall market stabilization.
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Carol Williams
Wenatchee, WA
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
1,546,934
I believe they are here as well. Going from crazy to normal.
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Carol Williams
Wenatchee, WA
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Lyn Sims
Schaumburg, IL
2,718,913
About the same. The screenshot below is from Tallahassee MLS.
2,122 active residential houses for sale (includes contingent and pending sales). Single family, townhouses, condos, mobile homes, auction properties, in the Tallahassee MSA.
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Lyn Sims
Schaumburg, IL
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Joyce M. Marsh
Daytona Beach, FL
1,875,618
I agree that you have obviously 'leveled off'. Don't know what area you are in but NAR said overall it will be an increase of like 4% nationwide.
I have never seen a downturn in all the years I've been doing this except for the crash years.
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Francine Viola
Olympia, WA
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
8,243,631
Every market is different.
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
2,564,440
Michael J. Perry that is how our numbers looked after the initial oil boom was over. Many agents thought the sky was falling but it was just a return to "normal" for our market.
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Francine Viola
Olympia, WA
2,874,392
Price range/sales is consistent for results in the under $400k product so far
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
5,774,106
Michael,
Each market differs big time. We have clients whose markets may be similar to yours, and others whose market differs. That is the beauty of real estate, what works in one part of the US does not in another part. Personally, I think the world is awash with generalities, and I am not joining that fray!
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Katerina Gasset
Provo, UT
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Carol Williams
Wenatchee, WA
6,773,363
The market numbers continue to go down, and ours continue to go up. We preach "Lead Gen" and our members prosper.
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Francine Viola
Olympia, WA
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
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Bob Crane
Stevens Point, WI
2,365,993
In looking at those numbers I would also want to know what prices have done. It could be an inventory issue or buyers just getting priced out of the market.
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
3,083,753
I believe it is the market self correcting. It is more of a 'normal' market. So funny, how agents who got into the market after the recession and during the hot market - are freaking out that now propeties take longer to sell. That is a normal market.
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Francine Viola
Olympia, WA
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
3,764,591
The market shifts from year to year, and we have to shift our strategies to accomodate whatever the changes might be.
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Francine Viola
Olympia, WA
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
5,205,714
We are definitely seeing some shifts, with more price reductions (typically higher end), longer times on the market on average, and buyers do not seem to be so frantic. Affordability is a problem for many.
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Francine Viola
Olympia, WA
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
5,561,835
I'm with Kathleen Daniels - in my opinion, we're experiencing a much needed correction.
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Francine Viola
Olympia, WA
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Carol Williams
Wenatchee, WA
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Katerina Gasset
Provo, UT
1,658,108
Yes, down, especially in the areas now affected by fires. It is sad to see Calabasas/topanga/etc. homes falling out of escrow.......but who can blame buyers for backing up from those purchases?
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Debe Maxwell, CRS
Charlotte, NC
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Katerina Gasset
Provo, UT
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Nina Hollander, Broker
Charlotte, NC
5,565,078
Volume of sales fairly even, quality of listings down a bit
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Katerina Gasset
Provo, UT
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,481,701
Our inventory is up. Our closed sales are down. Our closed sales have been lower for quite some time due to low inventory. Now closed sales are lower due to a shifting market. Buyers are not buying with past frenzy.
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
5,585,039
each market is different..... our office continues to maintain the #1 position for the past 23 years in Franklin....our production is consistent....
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Katerina Gasset
Provo, UT
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Debe Maxwell, CRS
Charlotte, NC
4,434,277
Depends.
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
1,765,179
Michael, I just looked at our production and we are up. It seems slow. Our market turned up from the recession around 2013. Around 2015, a real market improvement was seen. Last year, I thought it seemed down and it was slightly, but this year has eclipsed that period. It still seems slow to me.
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Debe Maxwell, CRS
Charlotte, NC
5,395,513
3,986,529
6,058,294
We have had SIX YEARS of stellar business, and yes, we are down significantly.
5,293,200
2,071,336
1,598,552
1,713,581