Tony Lewis, RE/MAX Valencia, Stevenson Ranch, Santa Clarita (RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident)

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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

It is a little quieter - on average homes are not selling quite as fast and inventory has come up pretty nicely since January but still not enough for demand. Some more price reductions but not an abundance.

Aug 07, 2018 04:08 PM
Rainer
221,731
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I believe CA market is slowing in all price points

Aug 07, 2018 01:41 PM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes - on every single hot sheet I have going, there are more price reductions than any other category! In fact, here's one that I just sent out in a report:

Another thing we're seeing now that we haven't seen in a long time - expireds. Two in this particular community was unheard of during the past 4 years.

Aug 07, 2018 05:11 PM
Rainmaker
382,367
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I just wrote a blog about our July figures.  Sales are down over the year before. It remains to be seen if we are having a downward trend.

Aug 07, 2018 04:22 PM
Rainmaker
4,309,178
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Stuff is staying on the market.  There are 3 lisings in our area that have been lingering since  January.  A

Aug 07, 2018 02:57 PM
Rainer
54,967
Sandy Aslin
Remax - Fairfield, CA

I am in Napa and Solano County in California. And Homes are definitaly staying on the market longer. And lot's of price reductions. And the ones who over priced the listing to test the market in this sellers market, is not the strategy in today's market.

Pricing under is the way to go. 

Aug 07, 2018 02:00 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes and yes.

Aug 07, 2018 07:31 PM
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Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Here in the greatest state of California the "Big Cool" is beginning to happen. Sonoma County (1 hour north of the Golden Gate--wine country!) June our median home price hit a record $705,000 but sales dropped -20%. However, the $1Mil+ price range soared! July sales are down -9% YOY but the median dropped to $633,000 a 4% increase. It had been going up at 12-13% for the past three years. Inventory is starting to creep up and MSI (Month's Supply of Inventory" is on the way up but not by much. We have a 2.3 months supply of inventory and 45 Days on the Market. Median Home Price Sonoma Cty, California

Aug 07, 2018 06:36 PM
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Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    It's steady here.

    Over 1000 residential building permits have been issued in Tallahassee so far this year.   We have homes for sale (new and previously-owned) in all price ranges.   Send me your buyers!

Aug 07, 2018 02:47 PM
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

In Miami Dade we are slow for a few months...

Aug 07, 2018 07:37 PM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There are unique pockets in each market.  Identifying the differences is what separates people. 

Aug 07, 2018 06:26 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Steady as she goes.

Aug 07, 2018 06:22 PM
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Nope, not around here.

Aug 07, 2018 04:49 PM
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Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Not an abundance of price reductions, but those that started out above market value generally make the needful adjustments when the DOM begins to climb...

Aug 07, 2018 04:43 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Aug 07, 2018 02:17 PM
Rainmaker
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Denise Copeland
Mirsky Realty Group - Palm Beach Gardens, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

Sellers are still trying to get top dollar for their homes. But they are lingering on the market longer and we are seeing offers 5-10% under list price now.

Aug 07, 2018 02:09 PM
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not especially in homes priced under $325,000. Maybe there's a slow-down in new listings this month, but that only makes the market even more challenging as buyers don't have enough choice. Higher priced homes are not selling quite as quickly. But our market is so hyperlocal you can't overly generalize.

Aug 08, 2018 03:51 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Had not noticed any.

 

Aug 07, 2018 06:17 PM
Rainmaker
516,859
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Not here. Real estate is going nuts. Many agents start the listing out really high, then knock it down $100,000 within a couple of weeks--those priced over a million.  I have several buyers waiting for "their" house to be reduced. Homes, any homes, under a million go under contract within days. But that's my market.

Aug 07, 2018 05:21 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

No, ours hit a brick wall about 3 years ago and is just picking back up again now Tony Lewis . Our prices have been very stable over the last couple of years.

Aug 07, 2018 05:13 PM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Irrational exuberance is waning. 

Aug 08, 2018 03:45 AM
Rainmaker
1,210,204
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't think it's a slow down, but more of "the prices got to high and the buyers got priced out.  Now, supply and demand are equalizing."

Aug 07, 2018 09:47 PM
Rainmaker
910,452
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The California market has been slowing down above 500,000 since February but maintains a strong market below 500,000 where it’s more competitive still
That said we had an unexpected spike in July and July got crazy busy on all price points that I was working

Aug 07, 2018 09:14 PM
Rainmaker
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Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

I think it depends on the price point and the community as there are markets in CA where I work that are receiving multiple offers, but the properties are in prime locations and prime condition reflects the price. 

All in all I think we are in a slower market, inventory is rising and buyers are more focused on the right house vs just getting any home. 

There are many public news articles and information that I read and hear daily.  Core Logic just came out with a great report and we will see how it holds true.  

Another one from last week where there are many daily posts all point to a change in the market.  This is one from last week..August 1 Housing biggest drop in 2 years.

Planning for a change buyers by is definitely something I am seeing.  

Aug 07, 2018 08:09 PM
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11,936
KAREN FUNK
HYBRID BROKERS REALTY - Elk Grove, CA
Realtor Elk Grove Sacramento Seller Buyer Investor

YES! It's like ALL the buyers have literally disappeared since beginning of July. This feels like more than "seasonal' slowing.

Aug 07, 2018 08:01 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No and NO

Aug 07, 2018 08:01 PM
Rainmaker
506,933
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Yes, but well priced and marketed listings are still selling quickly, but others are hanging around. 

Aug 07, 2018 07:59 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes I am seeing this and also seeing selling bonuses being added. The market is changing.

Aug 07, 2018 07:47 PM
Rainmaker
982,279
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

As the summer heat rises the price reductions flow steadily into the market. It's a seasonal trait expected to last well into October.

Aug 07, 2018 07:42 PM
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Not so far

Aug 08, 2018 05:29 AM
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Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I'm seeing the same trend here Tony Lewis & trying to remind myself to be patient when wearing the listing agent hat.  :)

Aug 08, 2018 04:52 AM
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Our local market is hot, hot, hot. No many price reductions and many over asking sales

Aug 07, 2018 09:08 PM
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Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Some price reductions and definitely a reduction of traffic in Northern Virginia area. But this could be good for both Sellers and Buyers as the market cools a bit for a breather.

Summer heat real estate market sales slow for third month Dave Martin Realtor Northern Virginia Buyer Agent listing Specialist comehomevirginia.com decline in existing home sales

Aug 13, 2018 02:19 PM
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

No. 

No. 

Ever-so-slight adjustments in the chaos of the market.  I see 22 offers, 42 offers and homes are still selling for significantly over market values and list prices. 

Aug 08, 2018 09:23 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hard to tell.

Aug 08, 2018 08:25 AM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Yes for the upper-tier priced listings in San Diego. Not for the mid-to-lower priced listings in San Diego or Sarasota

Aug 08, 2018 06:24 AM
Rainmaker
2,890,027
Richard Weeks
Dallas, TX
REALTOR®, Broker

Our market is still a sellers market with low inventory.

Aug 08, 2018 05:46 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Aug 08, 2018 05:18 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Slowing down, yes a little, price reductions, not so much

Aug 08, 2018 02:49 AM
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Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

In the particular market niche that I canvas activity has actually gone up and prices have remained substantially stable.

Sep 06, 2018 10:53 AM
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Kris Swierz
Agency One - Seattle, WA
Because Everyone Loves Real Estate

The Seattle market was so crazy in April & May.  Almost every home on the market had multipile bids.  Now in August it seems that it has really slown down and we may have peaked.  Here a Market Report for Seattle for August if you care to look at some stats.

Aug 21, 2018 09:33 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Yes, it started back in late June, and still seeing price reductions.

Aug 11, 2018 01:29 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony Lewis - not so, yet.

Aug 09, 2018 08:59 PM
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Homes priced right are still selling.

Aug 08, 2018 05:33 PM
Rainmaker
3,163,715
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The slowdown has more to do with quality listings. As for price reductions, they are needed but not forthcoming.

Aug 08, 2018 06:04 AM