2,061,756
When all the kernels have popped, and they start to burn.
-
John Juarez
Fremont, CA
-
Steven Nickens
Wailea, HI
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
-
Lyn Sims
Schaumburg, IL
-
Pete Xavier
Pacific Palisades, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Lynnea Miller
Bend, OR
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
3,587,960
I've seen this happen many times over the years. It 'appears' that all of a sudden buyers stop looking, homes start hanging on the market - sometimes it lasts 3 or 4 months. Sellers think.....crap maybe we need to be more reasonable and lower the price. Once they get low enough, buyers start buying again. I personally think this is a good thing as I know well - too well - how destructive long standing hot markets can be. I can see this trend show up in market reports that we did for years and years and would advise buyers and sellers accordingly
-
John Juarez
Fremont, CA
-
Steven Nickens
Wailea, HI
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
-
John Pusa
Glendale, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
711,852
That is our market now. No inventory and massive demand pushing prices sky high.
-
John Juarez
Fremont, CA
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
1,196,798
Not sure but go back to 2006
-
John Juarez
Fremont, CA
-
Steve Higgins
Kelowna, BC
-
Julie A. Black
Kapaa, HI
-
John Pusa
Glendale, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Andrew Mooers | 207.53...
Houlton, ME
1,844,271
Never thought about it but I would say if your buyer looses out 3 offers it starts to become problematic.
Other areas would be how many K over list price.
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
3,125,663
Unable to determine that Peter but Alan's answer looks about right! LOL
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
John Pusa
Glendale, CA
-
Lyn Sims
Schaumburg, IL
378,517
when there is no inventory
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Tammy Lankford,
Eatonton, GA
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,502,998
My feeling is when there is 1.5 or fewer months of inventory available.
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
921,504
We have seen this movie before. Pass the pop-corn.
The exact time is 3 months after your Grub-hub delivery guy shares he's making a killing with quick-flip'n.
-
John Juarez
Fremont, CA
-
Steve Higgins
Kelowna, BC
-
John Pusa
Glendale, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,772,575
Peter,
I like Alan May 's comment and we agree. A
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
3,345,091
At the boiling point.
-
John Juarez
Fremont, CA
-
Steve Higgins
Kelowna, BC
-
John Pusa
Glendale, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
628,764
When the hot air pops the balloon!
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
2,781,163
Backlog is a good tell tale sign as in things taking longer than usual
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
4,160,362
Hello Peter, the hot market got overheated when their is less than one month available inventory.
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
6,393,154
That depends..
Are you Buying or Selling?
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Andrew Mooers | 207.53...
Houlton, ME
5,229,945
When the inventory falls below a 1-month supply....or when it gets to a neutral market (6-month supply).
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
John Pusa
Glendale, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
5,216,398
I was going to say when everybody gets a real estate license, but Alan May summed it up better!
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
851,242
Starting to happen now... The initial rush of buyers back into the marketplace after the stay home initiative has normalized some with many getting tired of losing out on mutiple offers. Sellers only expect to get over asking now and get irritated when they get what would be considered a great offer not too long ago. Time to reset a bit...
-
John Juarez
Fremont, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
2,241,022
Bob Crane is right. Depends who's ox is getting gored. And also, one area of the country could be parched and overheated from activity and take your money and run happens. Cash in the chips and head to other real estate markets cool, calm and where you clean up on your purchase. Having money left over, living free and clear with no mortgage. Rural areas warm up when other urban markets overheat.
-
Bob Crane
Stevens Point, WI
-
John Juarez
Fremont, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
2,182,502
Good question to ponder .......
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
2,684,009
Year 2006 was the defining "overheated market". I saw people pay $250K for 2/1 condo conversions that were worth maybe $75K. Many of those people got NINJA loans that they could never repay. Concepts like "strategic default" became de riguer. The foreclosure list at the County Courthouse was several pages long; it took two to three years to get those through the system. We aren't anywhere near that yet, but if it doesn't slow down, we could see it again.
-
John Juarez
Fremont, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
805,799
Hopefully not soon. lol
-
John Juarez
Fremont, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
637,434
When there is low or no inventory in the lower priced market.
-
Debe Maxwell, CRS
Charlotte, NC
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
3,416,038
When buyers stop buying or lenders stop lending
-
John Juarez
Fremont, CA
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Debe Maxwell, CRS
Charlotte, NC
1,311,397
If I really knew the answer to that question, Peter Mohylsky. Beach Expert, I think that I could make serious money.
-
Debe Maxwell, CRS
Charlotte, NC
-
John Pusa
Glendale, CA
547,327
Well I say make hay while the sun is shinning. On Maui we are having a surge in the market, people want to get out of dodge.
-
Debe Maxwell, CRS
Charlotte, NC
-
John Juarez
Fremont, CA