Has the housing market cooled where you are?

[SunGrins]

Albuquerque area: Homes are selling before they are officially listed. Sales price is higher than asking price quite often. Rents have gone up. There is a shortage of entry level homes. Job expansion is bringing people to town with sparse housing supply. The city has some in-fill space but expansion is limited.

[smpliving]

Eastern Iowa: One of the condos in my neighborhood ($142,000 listed) just sold for $30,000 over asking price. Other condos are selling within days. Nothing stays on the market for long here unless there are issues with the home.

[gt87]

Not in Western NY. Inventory is still very low and everything is still selling very quickly at a premium.

[Vlajos]

Not yet, but it likely will with interest rates rising as they are.

[Zambon]

There is perhaps a bit more supply, but prices are still stubbornly high.

[JR_C]

Let me start off by saying I'm not a follower of real estate trends, and this is just the impression I have from talking with friends about the subject.

Youngstown, OH was never a hot market. But, over the last couple years, home prices have increased quite a bit, and houses are selling more quickly. It's still probably one of the least expensive housing markets in the US, but homeowners have more equity now than they've ever had.

I realize that this doesn't really answer the OP's question. But, houses rarely come up for sale in my neighborhood. So, it's hard to see a pattern, to know if they're sitting on the market longer, or selling for less.