1,078,551
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Carla Freund
Raleigh, NC
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Brenda Mayette
Glenville, NY
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
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David M. Dwares
Fort Lauderdale, FL
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Fred Griffin Florida R...
Tallahassee, FL
5,117,178
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Joan Cox
Denver, CO
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Carla Freund
Raleigh, NC
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Brenda Mayette
Glenville, NY
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Anna "Banana" Kruchten
Phoenix, AZ
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Jim Patton
Modesto, CA
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Fred Griffin Florida R...
Tallahassee, FL
547,687
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Carla Freund
Raleigh, NC
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Anna "Banana" Kruchten
Phoenix, AZ
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Fred Griffin Florida R...
Tallahassee, FL
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Nina Hollander, Broker
Charlotte, NC
2,459,743
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Brenda Mayette
Glenville, NY
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Anna "Banana" Kruchten
Phoenix, AZ
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
1,326,624
I don't know if the numbers are correct but the trend is correctly indicated. More inventory. More price reductions. Longer time on market.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
1,209,456
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Carla Freund
Raleigh, NC
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
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Peter Mohylsky, Destin...
Miramar Beach, FL
420,003
More listings in most markets. Price reductions, oh my.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Anna "Banana" Kruchten
Phoenix, AZ
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Fred Griffin Florida R...
Tallahassee, FL
3,350,764
YES - as reflected on the graphic you shared. San Jose is my primary market - yet I do serve all of Santa Clara County.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Jim Patton
Modesto, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
637,484
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
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Nina Hollander, Broker
Charlotte, NC
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John Juarez
Fremont, CA
717,185
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Carla Freund
Raleigh, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
604,644
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Anna "Banana" Kruchten
Phoenix, AZ
3,590,666
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
381,787
inventory and DOM have tripled here in the last 90 days
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
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Nina Hollander, Broker
Charlotte, NC
3,142,180
My area was not mentioned but we are now experiencing a realistic market with more inventory and DOM.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Carla Freund
Raleigh, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Shayne Stone
Fulshear, TX
1,575,122
I'm in the shadow of San Jose, CA so my area actually has a bigger increase than San Jose.
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Fred Griffin Florida R...
Tallahassee, FL
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Joan Cox
Denver, CO
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Wanda Kubat-Nerdin - W...
St. George, UT
1,057,674
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!
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Wanda Kubat-Nerdin - W...
St. George, UT
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Fred Griffin Florida R...
Tallahassee, FL
6,426,255
Still plenty of demand.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
907,777
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
5,246,568
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
1,507,073
Increase yes. Buyer's market, far from it.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Fred Griffin Florida R...
Tallahassee, FL
5,879,826
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.
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Fred Griffin Florida R...
Tallahassee, FL
766,969
Listings are on the rise and price reductions are the norm here.
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Fred Griffin Florida R...
Tallahassee, FL
1,555,100
Neighborhood specific, we have all three markets:
Sellers still, Balanced growing, some Buyers.
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Fred Griffin Florida R...
Tallahassee, FL
412,796
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.
341,400
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.