A report from WSMV in Tennessee. "A shift in the Nashville housing market is leveling the playing field for buyers and sellers. Zillow finds the number of homes selling above asking price in Nashville dropped more than any of the 50 largest markets in the country. 'Nine months ago you could have priced your home higher, now I don’t know that you can really say that you’re able to do that,' said agent Allyson Woosley with Park Realty."

"Woosley says this was a necessary change to the Nashville housing market. 'It really is better to have a balanced market. Even though we love those multiple offers, sellers love it when they’re in a bidding war, it just can’t sustain itself,' said Woosley."

The Real Deal on New York. "A marijuana investor just snagged the townhouse at Extell Development’s Carlton House for less than half its original asking price. The home at 19 East 61st Street
sold for $27.5 million, according to records filed with New York City’s Department of Finance. It was last asking $32.9 million, but had initially been listed at $65 million in 2014."

The Houston Chronicle in Texas. "Brand-new, never-lived-in houses on the market are currently offering more price cuts than in years past. In Houston, the last quarter of 2018 featured a more-than-20 percent share of homes with price cuts that led to a median price of $408,900, according to Zillow."

"By the fourth quarter of 2018, nearly 28 percent of homes with discounts resulted in a median price of $375,000. That's an extra 4 percent off new-construction homes."

The Monterey Herald in California. "The real estate market in Monterey County has seen a decline in almost all categories according to recent numbers released by MLSListings.com, which said the median cost for a single-family home was $595,500 in December, a drop of 2 percent from the previous year."

"'There is no doubt we are heading into a shift in the market. We have been on an 8- to 10-year run of home values going up. That can only happen for so long until things slow down a bit,' said Mark Bruno, former Monterey County Association of Realtors president. 'The overall lack of housing inventory in the state has contributed to the rise in prices. When you add the increase in interest rates to the higher prices for homes, it is no doubt things are going to have to slow down.'"

"In December, the year-over-year average price of a single-family home in Monterey County fell 9 percent. A closer look at November to December numbers show the average price contracted 11 percent."

"Bruno said it’s not as bad as it sounds, but time will tell. 'I personally don’t think we are headed into anything like the last downturn. The high-end portion of the market still seems to be robust,' said Bruno. 'The lower end of the market is going to be impacted the most in my opinion as there is very little inventory and price pressure will remain upward as long as there is no supply. And then there are the interest rates to worry about. … If you are thinking about selling your home, now is probably better than later to get on the market.'"

"Bruno said that real estate agents who do this for a living full time 'will be business as usual.' But he has seen many new agents that have ventured into the world of real estate during the recent uptick. 'My guess is we will start to see more of those agents get out of real estate and the overall agent count will shrink not only in Monterey County but in the state,' he said."

The Napa Valley Register in California. "A slightly smaller number of people signed on the dotted line as buyers of Napa County homes in 2018, compared to the year before. The median price declined — from $642,500 in December 2017 to $635,000 in December 2018."

"Napa NorBAR chair Suzi Moret, noted that inventory was up this past year in Napa County. 'That’s interesting because people were crying out for inventory and we gave it to them but they’re not buying,' said Moret."

"That could be attributed to a 'wait and see' attitude that some consumers adopted in 2018. Some believed local housing prices might have reached a peak. 'People are thinking that they will wait until prices go down,' said Moret. Yes, list prices are coming down 'but sold prices are not significantly down,' said Moret. 'We’re not seeing that here.'"

"For 2019, Moret said she thinks buyers and sellers 'will get tired of waiting and they will go back to putting their homes on the market and buying again. 'Are we going to see this giant shift of people coming out of the woodwork to buy or sell? I don’t see that happening,' said Moret."