A report from the Bradenton Herald in Florida. “The median sales price for existing single-family homes in Manatee County hit $325,000 in July, the highest median price since the housing crisis and Great Recession more than a decade ago — and near a historic all-time high. The median sales price for a single-family home in the Bradenton area in November 2005 was $327,000, according to Herald archives. It was a time when the market was moving at a seemingly never-ending feverish rate.”
“Craig Cerreta, managing broker for Premier Sotheby’s International Realty, said his analysis of the market from Palmetto to Nokomis shows a market in transition. Since the Great Recession, homeowners have seen significant appreciation in the value of their property, but the rate of appreciation has begun to slow. ‘Somewhere around a year and a half ago, it slowed. People started saying, ‘Where is my house’s appreciation?’ Cerreta said.”
The Daily Republic in California. “The Solano County home market continues to be challenged by the lack of inventory – creating a sellers market that the president of the Northern Solano County Association of Realtors said has some interesting twists. Patty Hopkins said any home priced below $450,000 is being gobbled up ‘like hot cakes.’ As the price goes up, the pace of sale slows considerably.”
“Hopkins said she has had to tell many of her clients that their original asking prices, despite the lack of inventory, have been too high for the buyers’ market view. ‘I think sellers were coming in too aggressive on their price, that they have wanted too much,’ Hopkins said.”
From Curbed Atlanta in Georgia. “With 1,893 square feet, this 1930 bungalow on brings four bedrooms and two bathrooms. Originally listed August 1 for $719,000, it received a price cut just eight days later, bringing the current ask down to $700,000. Overlooking Buckhead from The Borghese, this 2001 condo comes with three bedrooms and four bathrooms in 2,475 square feet. This listing first appeared on the market in June at $725,000, but the price has been slashed twice and now sits at $699,000.”
“A new addition to Clay Street in Kirkwood, this 2,362-square-foot home features four bedrooms and five bathrooms, plus a full basement and two-car garage. This listing originally appeared on the market in March for $779,000, but has undergone numerous price cuts and now stands at $699,900.