Showings are really down over the last 30+ days - the current weekly average is -66%, compared to the first week of January. But there's just nothing left to look at today, unlike last year when inventory was much higher. The second half of this year had 35% fewer...
It looks like the California showings are reflecting the lack of new listings coming to market. For the last few months, it has felt like January (which is what this graph is indicating). Not many decent listings to consider, at any price - and hopes for something to...
Home buyers don't have much - if any - control over the process, which leads to frustration and disappointment. They don't have any way to cause more homes to list for sale, and the only way to eliminate the competition is to out-bid them, which can be even more...
It's one thing to note that showings are well under the peak frenzy era of August-November. But today's showings are also well below what they were in July 2019, which was a fairly flat market then. Is the demand falling apart? Or is it due to lower inventory? Let's...
Speaking of other states, how is the cooldown playing out elsewhere? Nevada and Texas are holding up, but towards the end of May, Arizona and Florida started to taper like we did here - and Arizona has been sliding all selling season (maybe due to lack of...
Fewer showings than in the first week of January? Well, the market was cooking right up to Christmas and then fired up quickly again this year, which created a solid 12-month frenzy. But now there are fewer showings than in 2019 too? How did that turn out? You can say...
There is a collective mindset. For the last year, real estate has been hot around the world. When California gets cooking, so do all the neighboring states. And when America gets cooking, other markets around the world benefit too. There are varying degrees of hot,...
June will be a critical month for sustaining the momentum. Will we run out of buyers? Or will they give up and go on vacation? Or will there be so few listings that we can't tell?
We have another disrupter who is providing a service you didn't know you needed until now. Traditionally, a buyer's agent accompanies their clients to show them the homes for sale, and to give expert advice about each house while on site. But other real estate...
This year's orange line has plateaued. It's been in the 70% range all month, meaning there has been 70% more showings each week than there were during the first week of the year. Even though it's twice as much, it mirrors the 2019 trend that the spring selling season...
