A report from the Orange County Register in California. "Last month saw Southern California home sales fall 11.7 percent from February 2018 levels, with just 13,466 houses, condos and townhomes changing hands, CoreLogic reported. That’s the smallest sales tally for a February in 11 years. Over the past decade, February averaged 15,000 transactions. Home sales in the six-county region have been down 11 of the past 12 months. With sales ebbing, prices barely budged– and even fell in Orange County for the first time since 2012."

"'We expect buyers to enter the peak buying season a little more confidently than at the end of 2018,' CoreLogic Deputy Chief Economist Ralph McLaughlin wrote in a recent commentary about Tuesday’s S&P Case-Shiller numbers showing home prices rising by the smallest margin in years. 'Homes are sitting on the market longer, and price cuts are becoming more common.'"

"CoreLogic figures showed home sales fell in all six counties, with declines ranging from 8.1 percent in San Diego County to 17.1 percent in Orange County. Sales were down 8.9 percent in Riverside County, 11.8 percent in Los Angeles County, 12 percent in Ventura County and 13.8 percent in San Bernardino County. Orange County’s median, meanwhile, fell $10,000 or 1.4 percent to $700,000."

"The price drop surprised Costa Mesa broker Colin Delaney, who works throughout Orange County’s beach cities. 'The neighborhoods I work in haven’t had price drops,' he said. But 'high-end neighborhoods in Laguna Beach and Newport Beach, those prices have come down.'"

From CNBC. "During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent a year earlier. While San Francisco, Boston, San Diego and Portland, Oregon, see about 1 in 5 offers in a bidding war, those are all down from over 65 percent of offers a year earlier."

"'At this time last year, in cities like San Francisco, Seattle and Boston it was rare for a home not to receive multiple offers. The tide has turned,' said Daryl Fairweather, Redfin’s chief economist. 'Since the market began to cool down last fall, the number of homes for sale has grown each month, giving buyers more options and more negotiating power. Buyers are searching with less urgency and more frequently able to win offers with contingencies.'"

"Seattle, which has been one of the nation’s most competitive markets, with prices rising by double-digit percentages for several years, is cooling dramatically. Just 17 percent of offers written by Redfin involved bidding wars, down from 72 percent a year earlier."

From New Jersey Advanced Media. "These days, the 8,977-square-foot mansion — on which Terrell Owens lost more than $2 million when he finally sold it in 2010 — is still known among locals as the 'T.O. home.' But it has not fared well on the real estate market since Owens bought it for $3.9 million in 2004."

"It has been on the market since February 2018, and in the past year it has seen its listing price slashed seven times. It is currently priced at $2.2 million, according to its Zillow listing. The home was last assessed for nearly $1.7 million, and the property taxes were $42,625 in 2018, according to Zillow."

From Patch Gig Harbor in Washington. "Sitting on a half-acre plot on the north side of Canterwood Golf & Country Club in Gig Harbor, this 5,000-square-foot French Chateau-style home exudes elegance and luxury. Built in 1989, the home was last sold for $850,000 in 2017. Now on the market for $1,165,000, the four-bedroom, four-bathroom home has seen a few amazing upgrades over the years."

"Price: $1,165,000. Features: Price Reduction!!!!"