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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Of opinions there is no end. I listen to everyone and everything but in the end, I act on what I know or want to do. My counsel? Buy now or Bye now.

Feb 22, 2023 07:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't follow "national" statistics like these, Fred. Real estate is very local, if not downright hyper-local. Many parts of the Charlotte region are still tight on inventory.  

Feb 22, 2023 05:55 AM
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

Speaking for San Diego, CA we're in a sellers market with an artificial buyers market vibe. Multiple offers have returned, inventory is as low as the 1970's here and rates will be descending this year sending us back into non-negotiable sellers and bidding wars by mid-to-late summer. By the way rates today are still amazingly low lest you forget 2007 and back where they were 7%+

Our mid year peak dropped 20%-ish but our year over year fell by only $1,000 i.e. $750K Dec 2021 $749K Dec 2022 average home price.

Feb 22, 2023 07:56 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate





Feb 22, 2023 08:38 AM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

In total agreement with Nina Hollander, Broker. Real estate is always local. We are very much still in a Seller's Market (less than two months of inventory) and while we're not selling within a week like we were last year, we're (on average) selling within a month. And prices are not rising as dramatically as they were last year, but we're still seeing a steady monthly increase. In Colorado Springs, we're still in a healthy market.

Feb 22, 2023 06:14 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Judging by the inquiries from discounter investors, they THINK it is . . . but real estate remains local and hyperlocal . . .CRE in my target area is not the least bit distressed.

Feb 22, 2023 07:31 AM
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

The headlines are bigger than the actual numbers.  The "sink"  is still a smaller number than the rise that we have experienced over the last two year.  

Feb 22, 2023 06:31 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

The home market here still favors sellers while the land market favors buyers. Real estate is soooo local!

Feb 22, 2023 09:04 AM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Our local market is strong with low inventory. Properly priced homes are "flying out", depositing quickly. 

Feb 22, 2023 06:52 AM
Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ

As we all know real estate is local. In my specific market area things are selling and closing. 31 Actives  27 Pending and 21 Closed since Jan 1 between 500K and 2.4M.

Feb 22, 2023 10:55 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

It is my belief that it is always a buyer's market.

Feb 22, 2023 08:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

We have a 45 days on Market for a average in the Denver market.  Buyers still think that interest rates are to high.


Feb 22, 2023 09:21 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Have little faith in most reporting agencies and less with NAR, especially when it comes to contrived numbers. Buyers will buy and seller's will sell!

Feb 22, 2023 09:02 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Consumers are  so confused because of all the different "news" being reported. 

Feb 22, 2023 12:29 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We only have 1.3 months of supply with median home prices the same month over month as the year before.  We have a strong seller's market in our area.

Feb 22, 2023 03:39 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

i wrote to "over asking by a little less than $10k" with some serious, first time homebuyers in our area and we lost both -- I believe due to the type of loan.  They are doing an FHA loan. Unfortunately we are still competing in this area for nice, move-in ready homes under $200k.  Multiple offers!

Feb 22, 2023 02:24 PM
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Don't pay much attention to national stats but noticeably absent in this article that seems to be omitted from the actual NAR report is that inventory in most areas (and here in Metro Columbus) remains below 3 months which is still a Sellers market, so NO!

Feb 22, 2023 12:01 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

We're down in sales about 25% over last January, but that's because inventory is down, we still have buyers and prices are holding steady.

Feb 22, 2023 11:54 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Inventory has not gone up much at all since the first of the year, and seeing 3x the amount of pending properties.    I think it will be a tight market again in Denver for spring buyers.

Feb 22, 2023 11:40 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No we still have scarcity in the lower price points 

Feb 22, 2023 11:13 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I'm currently in a bidding war on a property that just hit the market today, Fred! The national reports just never seem to fit our market here in the Charlotte Metro...thankfully!

Feb 25, 2023 11:41 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that the buyers got a small reprieve, moving back into a strong sellers market by summer.

Feb 23, 2023 06:19 PM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Far, far, far away from a buyer's market.  NAR has lost trustworthiness in my eyes.

Feb 23, 2023 12:34 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Fred, When it was time for me to buy or sell over the years I did it! Bought when rates were close to 20 % and sold at what some thought was the wrong time. It worked for me. So I say when it is your time it is your time. I don't factor in national statistics. Some say I am a non-conformist.

Feb 23, 2023 04:57 AM
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

Nationwide, we're in a weird market --- it's important to consider, when looking at YOY numbers, early 2022 the market was still on FIRE, so we're comparing an abnormal market (today) to an abnormal market (then), but entirely different abnormalities.

Buyers can get some discounts today due to a lack of competition, but sellers have been happy to de-list their homes if they don't get the $$$ they want, and most are sitting on rates that start with a 2 or 3 so they're in no rush.

That said --- we had a 2 week period in January of rates near the 5s, and loan application volume spiked 108% during that time (80+% of which was for purchase applications) --- this tells me that rates are the dam holding back the flood of borrowers that are likely to re-enter the market if and when rates dip ------ and with a lack of inventory nationwide, this slight buyers market could quickly return back to a sellers market, so today's buyers would be smart to buy sooner than later.

Feb 22, 2023 06:33 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

There is no buyer's market when there is a lack of inventory and homeowners are not desperate.  There is now sense of urgency yet.

Feb 26, 2023 08:33 AM