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Why Home Prices Have Gone Down In A Shifting Seller’s Market

This Post Has 5 Comments
  1. The first 3:21 video from Chico California:

    Jul 16, 2022 How are we in a seller’s market, yet, homes are lowering their prices? Why home prices have gone down when in a shifting seller’s market

    With low home supply, we are still in a seller’s market, and the most competitive homes are seeing above asking offers. Less homes = less competition = more above asking sales. Meanwhile, average of 20% of inventory is reducing their prices weekly, as many homes feel the breeze of housing demand cooling down. Thus, explaining our shifting market. 😃🏡

    The second 5 minute video:

    Tips to Win for Sellers & Buyers in Southern Highlands Las Vegas l Market Has Shifted, Now What?!
    Jul 17, 2022 Tips to Win for Sellers & Buyers in Southern Highlands Las Vegas l Market Has Shifted, Now What?! – Subscribe Here: https://www.youtube.com/channel/UCcAQ

    CHAPTERS:
    0:00 – Las Vegas Market has Shifted
    0:15 – Southern Highlands Las Vegas Market Update
    0:20 – The Housing Market has Shifted
    0:22 – Lower Demand
    0:49 – Southern Highlands Las Vegas is a luxury market
    0:51 – Southern Highlands Las Vegas median price is 30% higher than Las Vegas market
    1:47 – More price reductions
    2:17 – Tips for Sellers in Today’s Market
    3:03 – Tips for Buyers in Today’s Market
    3:05 – What’s at stake is $100k equity

    The last 9 minute video:

    Top 5 things affecting the Austin Real Estate Market
    Jul 16, 2022 There’s no doubt the Austin Real Estate Market has changed. In this video I’ll cover the top-5 things that are affecting the Austin real estate market, provide a current market update, and then use analytical data to predict the future of the market.

  2. It’s so predictable and kind of silly watching RE Agent’s self-serving narratives change:
    Bubble raging:
    “It’s a Seller’s Market, so hurry up and sell! If you’re a buyer, hurry and buy before prices increase more…after all, you don’t want to miss out.”
    Bubble Bursts:
    (2.) “If you want to sell, you’ll need to adjust your asking price to be more competitive. If you’re a buyer, this is a great opportunity!”
    LOL!

    1. It’s always a great time to buy! – The National Association of Realtors

      Always be closing -Brokers everywhere.

      1. And in todays challenge….. can you say;

        Housing prices are cratering? Perhaps Realtors Are Liars? Maybe even a lighter lift like Houses are rapidly depreciating assets….. anyone of the known universal truths would do.

        Westlake Village, CA Housing Prices Crater 27% YOY As Rampant Appraisal Fraud Blankets Ventura And Los Angeles Counties

        https://www.movoto.com/westlake-village-ca/market-trends/

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