[sleightofmind]

I have a simple metric for judging the housing market (well, existing, single-family homes, anyway). I open Zillow, sort homes from Low Price to High Price, and count the number of price cut notifications on each page of 40-homes. I also exclude houses built in 2022. In Inland Southern California, very close to 25-percent of the homes have significant price cuts. Something similar seems to be happening in a few other places I'm interested in. Two months ago, in the community I live in, there were zero homes with a price cut notification on their listing. Now it's 25-percent plus. Yeah, my method is not sophisticated, but then neither am I. It is, however, up to date. I ignore prognosticating real estate experts... always.