How healthy is the real estate market in your area? - CNBC.com Question of the Day

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Mar.20

10:06 AM ET

Tuesday, 20 Mar 2007

How healthy is the real estate market in your area?

Topics:Housing | Federal Reserve | Real Estate

“Kansas did not go way up the past few years, so it is not falling way down the past year.” -- George C., Kansas

“In southwest Washington, building is still going on like crazy." -- Paul B., Washington

“The market in Hollywood Hills area is active. We went up 100% since 2001, and it now appears we've given 20% back.” -- Rick A., California

“Terminal and on life-support.” -- Deanie G., Florida

“The real estate market in the northern Ohio area in both new and existing home sales is slow and way down. There are many houses on the market for over 9 months and not improving. Plus the values continue to decline.” – James H., Ohio

“Real estate prices continue to rise but not as fast as last year in Seattle.” -- Diane G., Washington

“Homes that went for well north of a million two years ago are sitting on the market with huge price reductions and still not getting any bids…. In short, the market is dead – and this is typically a very good time for sellers in this part of the country.” -- Karl D., Florida

"Inventories are up slightly, prices down about 1.5% year on year." -- Dave H., Indianapolis

"The market in the Tampa Florida area is like a ghost town in the last 3 months. I'd say we are in the middle of a crash, with no end in sight.” -- Franklin Y., Florida

"The market is slow with long sell times unless discounted, but not a panic." -- George E. Connecticut

“We rode the market to heck and back in Houston from the mid 1980s to now. With the oil business doing great again, our home prices (near downtown Houston) are soaring. Up about 30% in the last 18 months! Thank you big oil” -- Lind H. Texas

“It is definitely slow. The for sales signs go up with one realtor change a few times and continue on the market…There are many properties that are exceeding a year on the market.” -- Mark B., Ohio

“Anything $600,000 plus is not moving at all….five times the number of million dollar plus homes on the market versus four years ago. Condos are popping up everywhere, and many are selling, but that’s only taking more buyers out of the traditional residential market.” -- Jay V. Arkansas

“Northeast Florida is in a different universe from South Florida. Homebuilders are still going full blast here. The resale market has slowed just a bit but five-year old homes are selling quickly at twice the price they were five years ago.” -- Ken S., Florida

“The Vicksburg housing market is weak. Homes are overpriced and units haven't been sold. Most new subdivisions hardly have any residents. High realty costs are above the median income.” -- Chuck H., Mississippi

"In the San Fernando valley in California, where our housing prices doubled recently, we've experienced approximately a 10% pullback and it looks like there is more downward pressure". Matt H., California

"There are over 50,000 homes for sale in Phoenix, when a normal market is around 20,000. There is definitely a disconnect between buyer and seller." -- Richard A., Arizona

"There are families living on the streets of Reno because they lost homes. You figure it out." -- Greg P., Nevada

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