A report from the Denver Post on Colorado. "Home sellers in metro Denver came out ready to play ball in a big way in January, but buyers didn’t show up to meet them in equal numbers. The number of single-family home and condos sold in January fell 30.8 percent from December’s volume and is down 14.8 percent from the pace of a year earlier, according to the Denver Metro Association of Realtors."

"In recent years, a lack of available properties held back sales. But sellers were game-day ready. They listed 3,312 single-family homes in January, up from 1,565 in December, and 1,509 condos, up from 734 in December. Despite lower mortgage rates, buyers didn’t engage as expected. The number of residential properties listed on the market, 5,881, is now 52 percent higher than January of last year."

"The sluggish sales market continues to weigh on home-price gains. The median price of a single-family home sold last month was $425,000, down 1.16 percent from December and up only 1.67 percent over the past year."

"DMAR has been hesitant to declare a buyer’s market, preferring to use the phrase 'moving towards a balanced market.' But for the high-end, homes worth $1 million or plus, it has acknowledged a shift in the balance of power."

"'There are 7.65 months of inventory in the $1 million plus price point, so the pendulum has fully swung and the luxury market has officially changed to a buyer’s market,' Andrew Abrams, a member of the market trends committee, said in the report. 'However, that hasn’t necessarily changed how quickly luxury buyers need to pull the trigger.'"

From Mansion Global on New York. "The number of sales in Manhattan and Brooklyn’s luxury market fell 28% in 2018, marking the largest year-over-year decline in the the past decade, according to Stribling’s year-end luxury report."

"Garrett Derderian, director of data and reporting at Striblin said this drop in new development sales is partially the result of the large number of new homes available, leading buyers to take their time to make a move. 'They want to negotiate a good deal, and the new development market has been slower to react to price drops,' he told Mansion Global."

"Alternatively, the resale market is regularly seeing price reductions."

From Miami Today in Florida. "According to Redfin, over the past three months the market in Coconut Grove is 'not very competitive,' with a score of 7 out of 100. According to Redfin’s data, multiple offers are rare, homes sell for about 7% below their list price and go pending in around 105 days, and popular homes can sell for about 3% below their list price and go pending in around 43 days."

"Interest in the Grove could be leading sellers and developers to overprice their properties. Over the past 12 to 18 months, Joe Higgins, broker for Grove Town Properties Inc, said he has noticed a lot of price reductions, which he attributes to sellers overpricing in the beginning."

"'There are so many variables when it comes to the market in general, when it comes to listing properties, pricing it to sell and actually getting it sold,' Mr. Higgins said."

The Santa Ynez Valley Star in California. "The local real estate market in 2018 performed well, but later numbers from the last part of the year indicate a downturn in the market. Sales and prices for all of 2018 were up significantly over the prior year, as shown in the chart, but the Santa Ynez Valley finished the year with a weak December and a weak fourth quarter."

"In December, sales of single-family residences in the SYV decreased to 13 units sold from 23 units sold in December 2017, down 43.5 percent. The median price decreased 12.8 percent from $790,000 to $689,000 while the average sales price increased 60.8 percent from $898,256 to $1,444,192."

"The average sales price is an exception to other weak numbers in December. This exception is not an indicator of underlying strength. With the small monthly volume in the valley, the average price can increase dramatically with a single sale of a property worth $5 million-plus, without any change to the median sales price."

"As a further sign of weakness for the month, the average days on the market (DOM) increased significantly, from 81 days to 123 days, up 51.9 percent. Not only were sale and prices down, homes were taking longer to sell than the previous December."

"In the fourth quarter, sales in the valley decreased from 75 units in 2017 to 48 units in 2018, down 36 percent. The median price decreased 2.5 percent from $735,000 to $716.500 while the average sales price increased 7.9 percent from $933,638 to $1,007,243. The DOM confirmed the broad market weakness for the quarter in the Santa Ynez Valley. The DOM increased from 105 days to 159 days, 51.4 percent longer to sell on average, than in the fourth quarter of 2017."