A report from Bloomberg on Florida. "A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami leads the nation in both the size and frequency of such deals. In Miami, about 88 percent of single-family home sales in the first quarter came after a reduction, according to an analysis by Knock. The top 10 metropolitan statistical areas also included three other Florida cities: Tampa, Orlando and Jacksonville. Miami’s 7.2 percent average discount was also the biggest in the U.S."

"Buyers are more reluctant to make discretionary purchases as the market cools, said Knock Chief Executive Officer Sean Black. 'This seems like an interesting telltale that the market is shifting in favor of buyers,' Black said. 'Florida is a popular secondary home destination so it tends to drop faster in a downward market because it’s losing buyers, both domestically and internationally. Everybody needs a primary home. Not everybody needs a second home.'"

From USA Today. "If you're selling a high-end home, you've got company. More pricey houses are up for sale this year, pushing listing prices to record highs. The reason for the jump in list price isn’t necessarily because sellers are overly optimistic. Instead, higher-priced homes tend to come onto the market in the spring, pushing up the overall median, and this year, more of these pricier homes are hitting the sales block."

"Overall, there were 56,000 more homes for sale in March versus last year, up 4%. The inventory growth largely occurred in the 50 largest U.S. markets mostly on the pricey West Coast West, including San Jose (up 114%), Seattle (up 77%) and San Francisco (up 44%)."

"Listing prices are declining in what were some of the hottest housing markets in the country, says Danielle Hale, chief economist at Realtor.com. For instance, the median asking price in San Jose, California, was $1,100,050 in March – the highest of 500 metro areas, but down 11.6% from a year ago. Median asking prices in Denver and Boulder, Colorado, experienced similar declines. The median asking price declined the most year over year in Lynchburg, Virginia, plunging 37% to $145,000."

From Realtor.com. "So why are prices rising if the real estate market is supposed to be softening? 'In a slowing market, it's not uncommon to have a gap between list prices and sale prices. It can take sellers a little bit of time to catch up to the reality,' Hale says."

"The softening in the market began over the summer, when wild price acceleration of the past several years began slowing down. That was due to a rise in inventory as more sellers trying to capitalize on high prices rushed to list their properties—at the same time that many buyers took a pause."

"In the nation's most expensive market—Silicon Valley's San Jose, CA, metropolitan area—prices plummeted 12% in March compared with the previous year. 'It's a reflection of the huge influx of homes sitting on the market [in that area],' says Hale. The San Jose–area listings were up 114% in March over the previous year. 'There's more choices for buyers and more competition among sellers.'"

"Prices were also down 3% in San Francisco, Dallas, Houston, and Jacksonville, FL; 2% in Nashville, TN, and Austin, TX; and 1% in Miami and Orlando, FL."

From Los Altos Online. "You may have heard people reference a 'buyer’s market' or a 'seller’s market.' Is this a real thing? In a word, yes. Within the past six to nine months, buyer demand has lessened just a bit, and a few more sellers are coming out of the woodwork. I would expect a more balanced buyer’s-seller’s market in the coming years."

The Orange County Register in California. "Maybe it’s another sign the housing market is cooling down. Maybe it’s because many of the homes, whose former owners are dead, weren’t very desirable to begin with. Whatever the reason, just 13 bidders showed up for the Orange County Public Administrator’s real estate auction on Saturday, March 30."

"When the bidding was over, just three of the homes sold. Four others failed to get a single bid and will have to be reauctioned in a future sale, officials said. Past property sales drew big turnouts and heated bidding by bargain hunters. Not so in this case."

"Just one bid was tendered for an 838-square-foot, two-story condo at the Harbor Heights Villas in Huntington Beach. The buyer paid the minimum bid of $351,000 – a deal, perhaps, since a similarly-sized unit nearby is listed for $54,000 more."

The Wall Street Journal on New York. "A duplex penthouse at the Centrale, an over 800-foot residential skyscraper under construction in Midtown Manhattan, is coming on the market for $39.8 million. The listing comes at a time when the New York luxury market is struggling amid an oversupply of high-end condo inventory."

"Anna Zarro, sales executive at developer Ceruzzi Properties, said the unit is conservatively priced when compared with the standards of a few years ago, when developers were routinely pricing their penthouses at nearly nine figures. Ms. Zarro said the developer held off on listing the home until the building was nearly complete, in a bid to lure buyers who want to move in quickly."

"'In the current market, it’s so important that people get to actually see and touch the product,' Ms. Zarro said. 'They don’t want to tie up large deposits for years.'"

From Big Island Now on Hawaii. "The number of homes and lots sold declined in some markets, with sales volume for single-family houses dropping on average 13% (from 584 to 506) and sales volume for vacant land parcels falling an average of 33% (533 to 357) year-over-year."

"Land sales were a bit more chaotic, with vacant land prices in South Hilo spiking over 55% from the first quarter of 2018 to the first quarter of 2019, while land sales volume plummeted 70% during that same time period. North Kona had a 28.6% drop in sales volume for vacant land parcels, with prices dropping in tandem by about 9.6%."

"Prices for condos in South Hilo dropped by 13% when compared to the first quarter of 2018, while sales volume plunged by 50% (from 26 to 13 condo units sold) during that same time period. North Kona condos held up better, with prices dipping just 2.4%. South Kohala condo sales and prices both dipped slightly in the first quarter of 2019, with sales volume and prices both dropping 5.1%."