A press release from Redfin. "Eleven percent of offers nationwide faced a bidding war in July, down from more than 45 percent a year earlier, according to Redfin. The national bidding war rate hasn't surpassed 15 percent since November 2018, after falling steadily from a peak of 59 percent in March 2018. 'On a local level, it's noteworthy that some of 2018's fiercely competitive markets—San Jose, Seattle, Los Angeles—have seen their bidding war rates plummet the most year over year. Home prices in these expensive markets have also been falling annually,' said Redfin chief economist Daryl Fairweather."

"The bidding war rate in San Jose was just 13.3 percent, and in Seattle, the rate was only 7.8 percent. Miami was the least competitive market in July, with just 1.3 percent of the offers submitted by Redfin agents facing competition. Miami was followed by Houston (4.8%), New York (6.3%), Dallas (6.6%) and Las Vegas (7.3%)."

From Vegas Inc in Nevada. "At the end of last month, the association reported that just over 7,800 houses in the Las Vegas Valley were on the market without an offer, a 63% increase from July 2018. For condos and townhouses, 1,864 units were for sale with no offers at the end of last month, up 112% from July 2018."

"'By having an increase of homes on the market, that just means there’s more inventory coming on than the people coming from out-of-town who are trying to buy everything up,' said Tom Blanchard, who will serve as president of the GLVAR next year. 'There’s more homes left over right now for those of us who live here and are trying to find a house.'"

From 9 News in Colorado. "Denver‘s current housing inventory has some homebuyers pushing sellers on price and inspection repairs. 'Homebuyers are flexing some muscle in a way they haven’t been able to in recent years,' said Lane Lyon, a licensed Realtor and managing broker at Coldwell Banker."

"Increased housing inventory is the reason many buyers are being a bit more nit-picky when it comes to home purchases in the Denver area. Lyon said the number of available homes and condos is more than 20 percent higher compared to last year. Buyers are shopping around and taking longer to make a decision in many cases which is resulting in more days on market for sellers."

From Seattle PI in Washington. "The Seattle citywide condominium median sales price fell 12.35% year-over-year and nearly 9% from the prior month to $450,500. The most significant declines were in the Capitol Hill and West Seattle areas, which saw double digit dips. In July 2018, only 1 of the 41 condo sales sold over $1,000,000 compared with 10 of 37 for July of this year."

"The number of Seattle condo listings for sale remained on par with prior months at 700 units (MLS listed) for the month. The number of actual listings is a bit higher when contemplating pre-sales at new condo projects currently under construction."

The Daily Bulletin on California. "CoreLogic’s HPI determines an area’s home values based on comparisons of single-family home prices to each home’s previous sale price. The index shows Southern California house prices increased year over year for 86 consecutive months. But gains are slowing as homes take longer to sell and more sellers lower asking prices to entice increasingly finicky buyers. It’s part of a national trend."

The Bay Area Newsgroup in California. "The downtown San Jose sites where key residential towers have been proposed are headed for new owners and developers that would take over the projects from Z & L Properties. China-based Z & L Properties, whose Bay Area offices are in Foster City, is working with San Jose city officials to bring new developers on board to buy the project sites and then develop the towers, which together would produce 526 residential units, once they are complete."

"That new company would take over the development effort and begin construction on the stalled project. Similarly, the Park View Towers project, slated to rise at 252 N. First St., a development that would incorporate a historic church, also has been hobbled."

"The Park View Towers property has been burdened with at least two mechanic’s liens that have been lodged by contractors that claim Z & L Properties hasn’t paid them for work they did on that project. Z & L Properties took on in recent years a quartet of major projects to build residential towers in downtown San Jose. Only one of the four has begun construction: 188 West St. James, a 640-unit complex that once was known as Silvery Towers. Property experts believe 188 West St. James hasn’t proceeded as swiftly as one would expect. The project isn’t ready for tenants to move in yet."

From CNN on New York. "It's the summertime playground for some of New York's most affluent residents. But the Hamptons real estate market seems to have lost some of its buzz. The downturn has translated into some pretty good deals for buyers, who snatched up an average discount of 10.4% off the original listing price during the second quarter, according to the Douglas Elliman report."

"A five-bedroom Nantucket-style home sitting on four acres with a pool, tennis court and its own private beach on Sagg Pond, was originally listed at $37 million, in March 2018, according to the agent that sold it. Eleven months later, in February of 2019, it was reduced to $34 million. It sold in May for $26 million -- 30% off the original listing price."

"Deborah Srb, the agent with Sotheby's that sold the property for $26 million, said the sale was a reflection of what is going on in the market. 'It is definitely a buyer's market and they have the upper hand,' she says."

"Even for homes that fall below the luxury threshold, buyers are bidding low. Peter Moore, an agent with Corcoran Group, plans to bring a buyer to an East Hampton property priced at $1.295 million this weekend. The buyer plans to bid $1.1 million. 'And that's a firm bid,' says Moore. 'If the seller doesn't accept, my buyer already has their eyes on another home and will bid similarly there.'"

From Patch Massachusetts. "The home for sale that offers the most square footage in Massachusetts is also the priciest on the market, even after the asking price was cut by more than half. Reebok founder Paul Fireman's eight-bedroom estate in Chestnut Hill boasts 26,623 square feet on realtor.com, the largest in the state. It's also saddled with a $38 million price tag, which is also the largest in the state."

"The home, which has been around for 20 years now, hit the market in 2016 with a $90 million asking price. That dropped to $69 million in 2018 and to its current price in February of this year."