1) This was the highest active listing count for May since 2019, according to https://t.co/T5AunQYjfL data.
This is important because it signals that sellers are now facing stiff competition to sell their homes.
A marked reversal from the pandemic boom, and a signal that gains…
— Nick Gerli (@nickgerli1) June 5, 2025
3) In addition, days on market for houses is also slowly creeping up, to the highest level since 2020.
When you have all three indicators – inventory, price cuts, and DOM – rising in unison, it's a signal of a shift to a buyer's market.
— Nick Gerli (@nickgerli1) June 5, 2025
6) Sure enough, yoy values are declining in a state like Florida, as well as Texas, Arizona, Colorado, and Georgia.
More states are likely to tilt into negative YoY growth over the next several months. pic.twitter.com/Pgg4m9ct54
— Nick Gerli (@nickgerli1) June 5, 2025
8) To track the market in your area, head to https://t.co/yTZTC7Gnt9 and access our home price forecast for your area under a premium plan.
We give a 12-month forward forecast, based on the underlying inventory and price cut data.
This forecast has proven very accurate over the…
— Nick Gerli (@nickgerli1) June 5, 2025
I told a guy I’d pay $5 million for his property.
He said, “But it appraised for $11 million.”
So I said, “Perfect. Sell it to the appraiser. Maybe they’ll throw in a fruit basket and a commemorative plaque.”
He said, “Appraisers don’t buy property.”
Right. And thermometers…
— Mendy Pollack (@creMBP) June 5, 2025
States where home values are dropping, per Zillow: pic.twitter.com/PWg594MCP9
— unusual_whales (@unusual_whales) June 6, 2025