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.

I believe CA market is slowing in all price points

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.

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.

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

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. 

Yes and yes.

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. 

    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!

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

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

Steady as she goes.

Nope, not around here.

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...

Nope.

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.

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.

Had not noticed any.

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.

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.

Irrational exuberance is waning. 

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."

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

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.  

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

No and NO

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

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

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

Not so far

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

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

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.

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. 

Hard to tell.

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

Our market is still a sellers market with low inventory.

Yes.

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

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

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.

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

Tony Lewis - not so, yet.

Homes priced right are still selling.

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