A report from the Idaho Statesman. "Home prices leaped to record-setting levels in April in Canyon County. The median house price jumped $18,500 from March (which also was a record) to April, to $248,500, the Intermountain Multiple Listing Service reported. Still, that’s $83,490 less than April’s median price Ada County, which fell slightly from March’s $335,000 record. In Ada County, there were 596 existing homes sold, with a median price of $308,450."

From KPAX on Montana. "Bob Oaks, executive director of North Missoula Community Development Corp. said more affordable housing is needed across Missoula. But land costs there are among the highest in Missoula and building costs come equally high. Lee Gordon Place and its seven units cost around $2 million. 'It has to be subsidized,' Oaks said. 'There’s no affordable housing anywhere without some type of subsidy going into it, and especially for home ownership.'"

The Jackson Hole News and Guide in Wyoming. "Katie Brady, an associate broker at Jackson Hole Real Estate Associates, calculated that dollar volume in the first quarter was up about 40 percent, riding a strong 2018. When Brady hears people say they’re waiting for a break in the market and a chance to get in cheap, she says, 'I don’t think that’s good advice, I don’t think that’s happening.'"

"'Part of me says the current trend is not sustainable,' she said, 'but the other part says, 'What’s going to stop it?'"

The Dallas Morning News in Texas. "'There are vast home price differences among metro markets,' said Realtors chief economist Lawrence Yun. 'The condition of extremely high home prices may not be sustainable in light of many alternative metro markets that are much more affordable.'"

"Home price increases in North Texas have slowed to a trickle in the last six months as more houses have come on the market and sales of high-priced properties have slowed."

The Colorado Springs Gazette. "Here’s a head-scratcher about the local housing market — and one that many homebuyers probably will find hard to believe. A National Association of Realtors report shows Colorado Springs median home prices actually declined during the first quarter of this year — dipping 0.1% to $296,400 from $296,600 during the same period last year."

"'I don’t buy that,” said Harry Salzman of ERA Shields Real Estate and Salzman Real Estate Services, who tracks the national group’s reports. 'There’s no way.'"

From KTVN in Nevada. "The median sales prices for homes in Sparks during April was nearly $340,000 which shows a five percent decrease from last April. Shannon Dubose's house in south Reno has been on the market for about four weeks now and her asking price for the home is $467,500."

"'When your house first lists, you do get all sorts of people requesting showings because it's brand new on the market and everyone wants to see it and you're really excited thinking, great some offers are going to come in,' says Dubose."

"Since that hasn't happened yet, and the offer her family made on a home in Las Vegas is contingent on them selling this house, she says she's had to stay patient. Realtor Justin Hertz says that people are going to have to get used to being patient since the housing trend doesn't seem to be changing all that much."

"For the sellers like Dubose, he says it's important to remember that despite the busy housing season kicking off, your house might not sell right away as more inventory hits the market. 'You're probably not going to put your house on the market and have multiple offers within three days,' says Hertz. 'The average days on market, depending on price point, tends to be 30 to 45 days.'"

The Financial Times. "Prices for luxury homes are falling in London, New York and more than 20 other cities globally, according to Knight Frank. 'Super-prime properties hold their values over time if and only if the property is incredibly rare and offers buyers a true, once-in-a-lifetime opportunity,' says Lauren Muss, associate broker at Douglas Elliman in New York. 'I have been in this business a long time and have seen people overpay for average townhouses or apartments.'"

"'What we’re seeing, especially in the Manhattan market right now, is an increasing disparity between the super-wealthy, those buying homes for $US30 million or above, and the mere wealthy,' says Garrett Derderian, director of data at the New York real estate agents Stribling. 'The super-prime market has diverged from the rest, at least in terms of the numbers of transactions happening even as the wider market is softening.'"

From Mansion Global on California. "One of the priciest homes for sale in the U.S. is selling with a $40 million discount. British heiress Petra Ecclestone is now asking $160 million for her mammoth 56,500-square-foot Los Angeles mansion, which hit the market again on May 1 after a brief hiatus. Ms. Ecclestone first started shopping the home around in 2016 and originally listed it for $200 million."

The Orange County Register in California. "Southern California had 35,491 existing residences listed for sale as of May 2 — 6,373 more than a year earlier, or a 22% increase. That’s the latest homebuying inventory number for homes in the four-county region, according to ReportsOnHousing, which tracks patterns in brokers’ homebuying data networks. Since 2012, listings have averaged 30,822 at this time of year."

"These forces put market time at 79 days — up 15 days in a year. (Market time is an estimate of selling speed combining listings and escrows.) Since 2012, market time averaged 63 days at this time of year."