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1,014,858
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

We're shifting toward a balanced market, not a buyer's market.  If you remove 2020-2021 (outliers), nearly all metrics point toward a normal/balanced market ahead.  

Aug 09, 2022 01:22 PM
Rainmaker
4,496,626
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

July stats for Charlotte Region:

New Listings: down 6%

Sale prices up

Day on market: 14 (+1 day year over year)

Inventory: +23.9%

Months of Inventory: 1.4 

Sellers still in the driver's seat. Months of inventory still in seller territory and no where near the 6 months need to make it a buyer's market. Is the market cooling a tad, yes.  

Aug 09, 2022 01:04 PM
Rainmaker
539,589
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Maui is in a cooling off period with the  market, Exceptional properties will still hold there values. We are seeing price reductions and increase days on the market. Coming off a hot market a lot of buyers are in a watch and hold pattern. I believe we are moving into a buyers market which is good for the local community looking to buy a home. Sellers should list now if there thinking about selling.

Aug 09, 2022 02:17 PM
Ambassador
2,079,738
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

My part of the world apparently is too small for statistics (per the map) but yes, our inventory more than doubled in the last few months.

Aug 09, 2022 01:19 PM
Rainmaker
1,025,697
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I don't know if the numbers are correct but the trend is correctly indicated. More inventory. More price reductions. Longer time on market.

Aug 09, 2022 11:46 AM
Rainmaker
982,261
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

Honestly, I think that inventory is increasing.  it is what I want to think.  but by what numbers.  I have not done my own analysis.  more to follow 

 

part 2.   ie that was to follow.  It is (july 21 to july 22) still to early to say that:  active listings are still down 4.8 % over this time last year.  New listings are down 17% over this time last year.  sold listings are down 11%  the only thing up is list price.  so... numbers don't always tell the true story.  

Aug 09, 2022 03:05 PM
Rainer
353,842
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

More listings in most markets. Price reductions, oh my. 

Aug 09, 2022 02:02 PM
Ambassador
3,159,155
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

YES - as reflected on the graphic you shared. San Jose is my primary market - yet I do serve all of Santa Clara County. 

Aug 09, 2022 11:49 AM
Rainmaker
596,280
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

For our area, it depends whether it is in the local residential areas (such as Pacific Grove) or the highly desirable 2nd home areas of Pebble Beach and Carmel-by-the-Sea.  Noticed that quite a bit of inventory is now in PG, but nothing has changed much in numbers in PB and Carmel.  Although they seem to sit there longer. 

Aug 09, 2022 11:35 AM
Rainmaker
609,550
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We're not on this list, but we are gaining inventory.  But we have a very long way to go to get back to a buyer's market.  We last experienced this in 2012.

Aug 09, 2022 04:28 PM
Rainmaker
596,822
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Hi Fred Griffin Florida Real Estate, yes we are seeing more inventory in my part of Central Ca.  We are also seeing less sales than a year ago and longer days on the market.  Definitely a change.

Aug 09, 2022 03:53 PM
Ambassador
3,403,660
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Yes I'd say we're up higher than 55% in Phoenix. One of our markets is probably more like 80% in the 400 to 2M range.  DOM is up as are price drops.

Aug 09, 2022 01:07 PM
Rainer
309,203
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

inventory and DOM have tripled here in the last 90 days

Aug 09, 2022 12:34 PM
Ambassador
2,785,620
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

My area was not mentioned but we are now experiencing a realistic market with more inventory and DOM.

Aug 09, 2022 05:22 PM
Rainmaker
1,378,355
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I'm in the shadow of San Jose, CA so my area actually has a bigger increase than San Jose.

Aug 10, 2022 04:40 PM
Rainmaker
946,281
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yeap, been going on for a bit already . . . the market is correcting, CA disposable income is going home to get the kids in school after Labor Day . . . and here come the investors wanting to buy buildable land and improve for rentals! 

Aug 10, 2022 08:40 AM
Ambassador
5,758,104
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Still plenty of demand.

Aug 10, 2022 06:06 AM
Rainmaker
817,036
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Raleigh NC isn't on the map but we're definitely seeing 30 days on the market in some areas. It is still a sellers market. It is difficult to say if it will change to a buyers market. 

Aug 10, 2022 05:40 AM
Rainmaker
4,572,638
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It appears that downtown Chicago, after a great spurt, is returning to a new normal with longer marketing time and more inventory. But, once again, not drastic.

Aug 10, 2022 04:08 AM
Rainmaker
1,430,911
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Increase yes.  Buyer's market, far from it.

Aug 09, 2022 06:37 PM
Rainmaker
5,329,788
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Fred, since March, we have almost quadrupled our inventory, and days on market are increasing in most areas.   BUT, this is also seasonally a slow time.  School just started in some counties.   It will pick up again after Labor Day, but nowhere near the same pace as we saw in the spring.   Our market is a far cry from a Buyer's market, but we could say it is more of a balanced market.

Aug 10, 2022 02:33 PM
Rainmaker
696,293
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Listings are on the rise and price reductions are the norm here.

Aug 11, 2022 10:31 AM
Rainmaker
1,358,948
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Neighborhood specific, we have all three markets:

Sellers still, Balanced growing, some Buyers.

Aug 11, 2022 05:51 AM
Rainmaker
400,539
Sharon Miller
RE/MAX Platinum - Crane Hill, AL

Fred,

This is a very important issue which you have brought to the forefront. As pointed out with frequency, "real estate market conditions are local". Here in the deep South, those areas possessing a lake flowage, continue to see a scarcity of waterfront property listings, regardless of the price point! Until some level of stability returns as it relates to economic factors, we'll continue to experience true "Seller's Market" conditions. As an example, a listing which sold for 1.1 Million eighteen months ago, is now listed for 2.4 Million. In all likelihood, a buyer will come along and purchase this property, as available waterfront properties, regardless of price point, are almost nil. Lake properties placed on the market at lower price points, are often under contract in a matter of hours. I don't see anything changing, as "transplants" from other parts of the country, continue to peruse the few available listings with regularity.       

Aug 24, 2022 09:17 AM
Rainer
257,486
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Manhattan Supply decreased 2.6% this week to 6,883 units as 228 new listings came to market, which is 4% more than last week, and 18% more than the same week in 2019. Supply is trending lower as more homes are taken off-market as sellers may be waiting to re-list in the fall market, and perhaps at a lower price.  

Aug 17, 2022 09:10 PM