Michael J. Perry, Lancaster, PA   Relo Specialist (KW Elite )

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Rainmaker
480,046
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
In Tune with your Real Estate Needs - Olympia WA

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.

Nov 14, 2018 10:06 AM
Rainmaker
2,680,218
Richard Weeks
Dallas, TX
REALTOR®, Broker

I just track my own numbers.  They are the ones that count.

Nov 14, 2018 10:10 AM
Rainmaker
2,698,305
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

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. 

Nov 14, 2018 08:42 AM
Rainmaker
1,156,771
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I believe they are here as well.  Going from crazy to normal.

Nov 14, 2018 10:38 AM
Ambassador
2,289,714
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      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.

Nov 14, 2018 10:12 AM
Rainmaker
1,450,180
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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.

Nov 14, 2018 11:07 AM
Rainmaker
4,967,969
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Every market is different.

Nov 14, 2018 10:08 AM
Rainmaker
1,425,672
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

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.

Nov 14, 2018 08:38 AM
Rainmaker
2,355,946
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Price range/sales is consistent for results in the under $400k product so far

Nov 14, 2018 08:25 AM
Rainmaker
4,051,055
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

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!

Nov 14, 2018 08:24 AM
Ambassador
3,734,246
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The market numbers continue to go down, and ours continue to go up.  We preach "Lead Gen" and our members prosper.

Nov 14, 2018 02:55 PM
Rainmaker
1,150,276
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

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.

Nov 14, 2018 08:37 AM
Ambassador
2,638,426
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

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. 

Nov 14, 2018 08:23 PM
Ambassador
3,664,420
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

The market shifts from year to year, and we have to shift our strategies to accomodate whatever the changes might be.  

Nov 14, 2018 06:53 PM
Ambassador
3,787,959
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

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.

Nov 14, 2018 04:26 PM
Ambassador
2,899,786
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I'm with Kathleen Daniels - in my opinion, we're experiencing a much needed correction.

Nov 14, 2018 03:09 PM
Rainmaker
1,438,145
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

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? 

Nov 14, 2018 11:30 AM
Rainmaker
2,937,870
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Volume of sales fairly even, quality of listings down a bit

Nov 14, 2018 10:43 AM
Rainmaker
590,740
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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.

Nov 14, 2018 12:46 PM
Rainmaker
4,608,857
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

each market is different..... our office continues to maintain the #1 position for the past 23 years in Franklin....our production is consistent....

Nov 14, 2018 12:11 PM
Rainmaker
4,319,084
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Nov 14, 2018 09:26 AM
Rainmaker
1,444,582
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

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.

Nov 14, 2018 12:05 PM
Rainmaker
2,724,101
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yes, we are seeing closed sales down.

Nov 14, 2018 11:34 AM
Rainmaker
3,856,548
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sure it is less, no inventory to sell

Nov 19, 2018 08:27 PM
Rainmaker
3,836,160
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have had SIX YEARS of stellar business, and yes, we are down significantly.

Nov 19, 2018 08:23 AM
Rainmaker
2,852,807
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, I need to check that out

 

Nov 18, 2018 12:42 PM
Rainmaker
1,344,103
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Same here, Michael, 

Minus 10-15%

Nov 15, 2018 03:54 PM
Rainmaker
925,368
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Slow, very slow.

And little bit down - 10%

Nov 15, 2018 03:22 PM
Ambassador
1,515,112
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are slightly up but that is the nature of our market.

Nov 14, 2018 03:14 PM
Rainmaker
4,638,700
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not yet, but I think it's coming.

Nov 14, 2018 11:44 AM