A report from the Associated Press. "Andy and Stacie Proctor made a bid on a house in the Salt Lake City suburbs, only to rescind it upon learning there were 13 rival offers. At one point, they almost decided not to buy a house just yet, figuring the bubble was going to burst eventually, said Andy. But there was also the opposite risk: 'There is the question about whether it’s going to keep going up,' his wife said."

From The Bay Net in Maryland. "In making it’s transition from the Spring to Summer real estate market, looking at the year-over-year numbers for St. Mary’s County raises interesting economic questions.In April 2019, there was a total of 462 active listings with an average sales price of roughly $293,000. When comparing these figures to April of 2018, we see a rather steep decline in both categories; average sold price dropped by 6.9 percent and active listings dropped by 8.88 percent."

"While one might imagine that a decline in supply of active inventory would cause an increase in the demand as reflected in the sales price, as was observed in April of 2017 and 2018 when sales prices skyrocketed after seeing a nearly 20 percent inventory decline, this housing market now does not tell that same story."

"The traditional economic theory of supply and demand does not seem to be holding up in light of the St. Mary’s County housing market, leading one to believe that other economic factors may be the driving market forces right now."

From Community Impact in Texas. "Both Cedar Park and Leander experienced a boost in home sales this April compared to last year. Cedar Park’s total residential sales grew by 32.4%, while Leander’s grew by 15.2%, according to data from the Austin Board of Realtors. However, median prices of single-family homes have started to level out."

"The median price of a single-family home in Cedar Park fell by 2% in April compared to April 2018, landing at $325,000, according to the data. In Leander, the median single-family home price fell by 3.1% year over year to $286,375. 'In the first quarter of the year, the median price of a single-family home in the Austin-Round Rock [Metropolitan Statistical Area] increased by just 0.2%, which is a much smaller margin compared to previous year,' said Kevin P. Scanlan, the 2019 president of ABoR. 'These narrower margins are a strong indication that market prices are starting to stabilize.'"

From Crain's Chicago Business in Illinois. "Phil Chiricotti felt the double-barreled blast when he sold his home in Burr Ridge. Chiricotti built the four-bedroom, 6,800-square-foot home in 2002, 'when Tuscan-style homes were what everybody was doing,' he says. He put the house on the market in 2009, asking just under $2.7 million, and sold it almost six years later at a real estate auction for $1.47 million."

"Chiricotti's tale is replicated every day somewhere in Chicago's suburbs, where at least one luxury home sells at a loss. Every day of the week, Crain's has tweeted news of homes that sold for below their past sale prices. They're not just selling for less than someone paid during the boom years, when housing was overvalued all over the country; they're selling below prices from the early 2000s and even the 1990s."

"From World War II up until the housing bust, 'who ever sold a house at a loss?' Chiricotti asks. 'Home values always went up every year,' even if only a little."

From Curbed New York. "Four years after it first hit the market for $39.9 million, the spectacular domed penthouse that once served as the New York City Police Department headquarters has just re-listed for $19.5 million."

From Seattle PI in Washington. "A surge in inventory helps very much to quell and even reverse quickly-inflating home prices. Here, that influx of new listings has helped facilitate not only lower selling prices for King County condos, but also and longer days on the market."

"Need proof? A year ago, Seattle condos, according to Trulia's data, commanded a median selling price of over $720,000. That price went steadily down all year, recently floating back up slightly to land at under $680,000 in this May. Whether this trend will continue or not is hard to say, but if summer brings more listings (as it usually does, that could keep prices down and buyer power up."

The Daily Republic in California. "Based on our April closings we can see that in Fairfield the listed to sales price was 98 percent. This is a 2 percent drop from same time a year ago. We listed 36.2 percent (203) more homes for sale in April than in March and only sold 87 homes in April, which is 20.9 percent less (110) than in March. For the same period year over year, our inventory is up 46 percent while the sold properties are down 16.6 percent, indicating a slower spring than a year ago."

"In April 2018, our average Fairfield home price was $484,000. In April 2019, that same Fairfield home is selling for $468,000, a $16,000 difference or drop of 3.3 percent. It’s not very uncommon to see matching model homes selling for $10,000 to $25,000 apart from each other in a span of a month or two. If three homes in the same neighborhood with similar size and features are for sale at the same time, the price will slip because the buyers will have a few choices and the seller will want their home to be chosen first and will usually drop the price a bit."

"Our inventory shot way up in April, which in turn decreased home values slightly. In March 2018, inventory levels were 1.3 months of supply. While in April 2019, inventory levels remained consistent at 1.2 months of supply. Like many of us, Realtor’s will attest that last spring was on fire!"

"In March 2019, inventory levels slipped to 1.4 months then shot way up to 2.3 months in April 2019. That is our highest level of inventory in the past 12-plus months. If we have another major or even equal spike in inventory in May 2019, we could be in for price reductions this summer."

"We’ve been listing more homes than we are selling for most of the past 12 months. This, in turn, has slowed the market some. It is still very much a seller’s market and buyers should be aggressive with their offers. I continue to hear buyers say, 'I am waiting for prices to drop.'"

"I covered this before but think it’s worth saying again. If prices drop, interest rates will most likely go up. In fact, rates are predicted to go up through the remainder of the year. Unless you plan to live in the home for a year or two, you should be buying when you can afford to, not trying to gamble with the market. Buying now is a smart decision."