John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, WV )

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Rainmaker
1,217,642
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

1) DOM are increasing.  2) Selling price vs. List Price is generally above, however by a lesser percentage. 3) Less homes coming on the market with already a low inventory, but inventory is growing.  

THis leads me to believe buyers are going to the sidelines and some homeowners have refinanced and want to sit it out as far as selling to avoid an increase in property taxes and to enjoy a lower house payment for a while.  Taking a breather.

Nov 22, 2021 05:42 PM
Ambassador
3,055,949
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Depending on the location and price point, the market I serve remains hot. 

Price reductions if listed too high in the first place. 

It is 2021 - soon to roll into the 2022 new year. Feeling blessed. I've had a good year. 

Nov 22, 2021 05:39 PM
Ambassador
3,272,629
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I'm seeing some ridiculous over priced listings - as in ridiculous - for the areas I watch closely.  These DOM are going to go up and up until they get real.  And for other homes, priced right, mulitple bids still going on but perhaps not quite as high over list as 4 months ago.  We'll see where this goes.

 

John....it's back to the future!   What year..... :)

Nov 22, 2021 08:34 PM
Ambassador
1,821,116
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Some from column A, and some from column B.

Nov 22, 2021 06:23 PM
Rainmaker
4,209,388
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Column B for downtown Chicago condominiums followed by unexpected late summer early fall activity of column A. 

Nov 23, 2021 04:13 AM
Rainer
352,244
Derrick Guevremont
Counselor Realty of Rochester - Rochester, MN
Rochester MN Homes for Sale

My sellers want to be high and my buyers are asking for price reductions. Both being met with counteroffers. Seems normal when I say it like that but it’s more normal to me than either side I represent. Very low inventory and a little lower expectations of multiple offers with the prices sellers are asking. I’d still rather have listings. Ball is in their court and they command relatively good offers.

Nov 23, 2021 12:15 AM
Rainmaker
1,387,173
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

DOM is increasing in some parts, but very few price reductions... usually only on homes that were way overpriced to begin with.

Nov 22, 2021 10:22 PM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It's still great to be on the listing side of things.

Nov 22, 2021 09:34 PM
Rainmaker
894,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

A. We have virtually ZERO industrial and are chasing properties furiously! County is so backlogged we can't get permits fast enough to build for them but that's what we're doing . . . it's been 6 months to a year to get building permits!

Nov 23, 2021 06:47 AM
Rainmaker
4,938,395
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It varies around Denver, DIM have increased, inventory has decreased.

Nov 23, 2021 06:08 AM
Rainmaker
3,615,445
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would say it is a little bit of all those things, the market as a whole is still on fire but some areas seem to be slowing down a bit.

Nov 23, 2021 04:22 AM
Rainmaker
761,962
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

B.  

Nov 23, 2021 05:21 AM
Rainmaker
6,606,563
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We still have a strong market in Montgomery County, Maryland.

Nov 23, 2021 05:13 AM
Rainmaker
376,733
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

We had been in a 5 to 6 month period of level prices in Elk Grove.  October numbers showed a $7,000 price increase over September.  Days on market did increase just a bit month over month, from 14 days to 18 days. 

I was surprised because the Sacramento area showed pricing fall just a little.

Nov 23, 2021 04:56 AM
Rainmaker
991,135
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

In my neck of the woods, things seem to be stable. That being said DOM are up and we've seen some price reductions. Rates are up a bit too.

Nov 23, 2021 07:17 AM
Rainmaker
910,796
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Change may be coming but it is too soon to know. If rates do go up, some buyers will drop out, thus closing, somewhat, the supply/demand imbalance. I also think some sellers who have been on the sidelines watching their home values rise will decide to sell out of fear that prices have peaked and will fall.

Nov 23, 2021 09:29 AM
Rainmaker
529,295
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

For the most part I would say B -- however, if I get a listing, they are stll selling on day 1, 2 or 3!  That's crazy!  Not complaining.

Nov 23, 2021 10:37 AM
Rainmaker
1,722,955
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

It usually tapers off this time of year & also depends if we have horrible weather. I'd want to stay on the listing side.

Showingtime divides up the country into 4 groups giving sales info. Maybe that would be of value to you. 

https://www.showingtime.com/blog/august-2021-showing-index-results/

Nov 23, 2021 10:30 AM
Rainmaker
1,109,295
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

The normal taper is going on with price reductions outpacing the increases by at least 2 to 1. Activity will take a dip until January 3rd then come on like gangbusters for the season. Hoping to see that agents have learned to evaluate their inventory with better accuracy.

Nov 23, 2021 08:58 AM
Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Willing-buyer seller dynamics continue in this Real Estate cycle without interference of acts of God or man. There is still normal disagreement between appraisers and market value as usual with the market having the final say. Ownership has proven itself worthier over renting as renters are being gleaned for top dollar amounts supporting why not purchase dynamics  Not-buying is considered unwise by the many as a rollback to affordability seems unlikely. Note: the normal pausing at this time of year n buying/selling. The true and further testing of this cycle will be in the Spring 2022. That will reveal the strenght and continuation of this market

Nov 23, 2021 07:55 AM
Rainmaker
4,116,805
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Depending on what part of the region we're talkin about, John, it's all three.

Nov 24, 2021 11:21 AM
Rainmaker
2,023,900
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Still a Supply and Demand issue

Nov 24, 2021 06:24 AM
Rainmaker
535,236
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Market is still strong. Just put two nice properties in escrow, working on marketing, need more listings.

Nov 24, 2021 08:24 PM
Rainmaker
645,418
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

D) Rock Steady with multiple offers but more realistic than mid-summer

Nov 24, 2021 07:20 PM