A report from the Washington Post on Arizona. "Outside Phoenix, Nate and Margie Sanchez aren’t going anywhere. The couple had been trying to sell their house and move onto a lot with more land. But when they listed their house for $720,000 in January, they felt the market shift, with buyers shying away from homes that rose drastically in value since the pandemic, combined with the strain of high rates. The Sanchezes lowered the price to $640,000 before deciding to pull it off the market. 'We had a buyer who wanted a new roof, money toward AC, when we already dropped our house [price] by 60 grand,' Nate Sanchez said. 'It was a tipping point for us to stay where we were at.'"

Denver Gazette in Colorado. "The number of homes for sale in the metro Denver area market continued to increase in April, while the number of active listings at the end of the month soared more than 70% compared to a year ago. 'Listings must now earn buyer attention through thoughtful preparation, realistic pricing, and compelling presentation. Sellers should be advised that the market is competitive, and buyers are weighing their options carefully,' said Realtor Amanda Snitker, chair of the DMAR Market Trends Committee. Said Realtor Nick DiPasquale: 'Buyers, meanwhile, are showing increased discernment. Some homes continue to attract multiple offers, while others sit with little-to-no activity.'"

The Bradenton Herald in Florida. "There were fewer Manatee County home sales in March year-over-year, according to the latest Realtor Association of Sarasota and Manatee’s housing market report. There was a 6.4% increase in closed sales for townhouses and condos in Manatee County, with 300 units getting sold in March 2025. Inventory remained high with an 8.2 month supply, marking a 28.1% increase year-over-year. In Sarasota County, there were 817 single-family homes sold in March. That’s a 13% increase year-over-year. The median sale price fell 8.8% to $469,450. While more people buying homes in Sarasota County opted for single-family houses in March, there were fewer purchases of townhomes and condos compared to March 2024. The 324 townhouses and condos sold represented a 19.8% drop year-over-over. The median sale price fell 10.2% to $346,500. The monthly supply of inventory increased 42.6% to 9.7 months."

The Santa Monica Mirror in California. "Price reductions are becoming more common, with weekly drops steadily increasing. As Pacific Palisades continues its long road to recovery following January’s catastrophic wildfires, the local real estate market is feeling the weight of a growing inventory of burned lots and falling land values. According to a recent update from Anthony Marguleas, founder of Amalfi Estates, nearly 100 burned lots are hitting the market each month, with a total of 165 currently active, 20 in escrow, and 30 sold. This marks a significant increase from figures reported in early April, when 131 lots were active and only 16 had sold. 'The market is seeing a sharp uptick in supply, but demand has not kept pace,' Marguleas wrote in the email update. 'Given the current pace, we could see more than 1,300 burned properties listed over the next year.'"

"Land values across much of the Palisades have dropped 35–40% since the fires. The Huntington area has shown relative resilience, with a more modest 10–15% decline. However, the broader trend suggests values may continue falling over the next 8–10 months as inventory grows. Marguleas said many owners are reluctant to sell now, mistakenly believing the market has bottomed out. 'In reality, we’re only four miles into a 26-mile marathon,' he said. 'For those who must sell, doing so sooner may help preserve equity. For those who can wait, holding may pay off over the next few years.'"

From CTV News. "In Canada’s largest housing market, the number of unsold condominiums keeps rising. 'It has reached an incredible level,' Ron Butler, principal broker at Butler Mortgage, told BNN Bloomberg. 'We have about one full year’s inventory and that seems to continue up and up and up in terms of listings.' Butler said there’s been 'severe overbuilding' in the Toronto condo market for a number of years, specifically when it comes to smaller units. 'The tiniest of tiny condos,' Butler said. 'It’s weird that in a country like Canada where there’s been a consistent housing crisis for the last 10 years that if you build a very bad product, people won’t take it, it’s as simple as that. They are roughly the size of large hotel room, only meant to be rented out, and there’s been simply a massive overbuilding of non-family units,' he said, noting that many of the condos for sale in Toronto currently are 500-square-feet or less."

"Butler said that in Toronto, there is now roughly a 30 per cent failure rate for condo closings, meaning many buyers are simply walking away from their pre-construction deposits. Butler noted that condo market trouble isn’t just contained to Toronto, and that markets in B.C. and Alberta are also showing signs of weakness. In Surrey, B.C., the market is full of pricing errors, he argued. 'When you’re looking five or six years into the future and saying yes, I believe that the new price level will be ‘X’ six years from now and it is nowhere near ‘X,’ you run into a severe problem,' said Butler. 'Because there’s stuff just down the road that’s selling for 25 per cent less, so how do you justify that extremely high price? It just doesn’t work.' Even Calgary, which has historically avoided the type of market pressures seen in larger cities like Vancouver and Toronto, is showing signs of overbuilding in its condo space, Butler said."

The Iceland Review. "Nearly 260 newly built apartments in Reykjavík remain unsold, despite being located in eight centrally located densification areas. Real estate agents have claimed that roughly 65 percent of new apartments in these neighbourhoods have failed to sell since January 1. This is according report in Morgunblaðið that notes only about 40 of the 300 available units have sold so far in 2025. Real estate agent Páll Pálsson told Vísir that the price gap between these new-build apartments and older housing stock is too wide for many buyers. 'Nearly 65 percent of the development projects are not selling and have not been selling for twelve to eighteen months,' he said. 'That’s a sad development.'"

Tovima.com in Greece. "Property owners and managers on Mykonos are offering steep discounts on Airbnb rentals in a bid to revive lackluster interest ahead of the summer season. Hospitality professionals operating on the island report that current booking levels are falling short of expectations, raising concerns about the upcoming summer months. Even the traditionally high-demand periods of July and August, which typically generate the year’s highest revenues, are showing signs of weakness. A case in point is LuxuryLiving, a company managing nearly 200 villas on the island. The firm has slashed its prices by around 15% and is ramping up advertising efforts abroad in an attempt to lure visitors. 'Since Easter, there’s been a significant dip in demand. And this trend isn’t limited to Mykonos—it’s affecting other regions too,' company sources said."

"Industry insiders point to the erosion of Greece’s competitive pricing advantage as a key factor behind the slowdown. 'Greece no longer offers cheap holidays like it used to. Rising taxes and operational costs have eaten away at that edge,' one industry source explained. Compounding the island’s woes is the lingering damage to its reputation from viral stories about price gouging, which sparked outrage on social media and made headlines in international media."

From The Age. "A Melbourne-based not-for-profit, Housing All Australians, is in talks with the federal government to launch a platform designed to attract private investment in affordable housing on a larger scale. The register would allow property owners to list available apartments at below-market rates for key workers, while also allowing governments to track developers’ commitments made in exchange for incentives. It could also help address the surplus of unsold apartments in Melbourne. This masthead revealed that there are 8000 completed apartments in metropolitan Melbourne – or 17 per cent of units completed between 2020 and 2024 – that developers have been unable to sell."

"Independent property advisory firm Charter Keck Cramer has backed the register, which has support from across the property and community housing industry, and agreed it could be used in Victoria to help offload a glut of unsold apartments. 'It will be a central register that will streamline and help this process and [the] government would be silly not to seriously consider it,' executive director Richard Temlett said."

Interest New Zealand. "Barfoot & Thompson posted some mixed results in April, with sales volumes at a four year high while prices were in decline and total stock levels hit a 17 year high. The real estate agency, which is the biggest in the Auckland market, sold 842 residential properties in April, which was up 19.6% on April last year and the best sales result the agency has achieved in the month of April since 2021. However, prices headed in the opposite direction. April's median selling price was $934,000, down by $36,000 compared to March (-3.7%) and down by $73,500 (-7.3%) compared to April last year. That was the lowest median selling price in the month of April since 2020."

"The total number of residential properties available for sale by the agency remained elevated at 6113 in April, which was the most properties the agency has had available for sale at the end of April since 2008, putting stock levels at a 17 year high. That is a particular concern as the market leaves behind the more buoyant summer months and heads into winter. Barfoot & Thompson Managing Director Peter Thompson said sales slowed in the early part of April when talk of tariff trade wars reached its highest, but rebounded quickly toward month's end. But prices were weaker. 'From a price perspective, the market showed no signs of lifting,' Thompson said."