Sellers Face Reality as National Price Reductions Break 40%

Ed Parcaut and Mike Kelly cover national housing inventory, price reductions, mortgage rates, oil prices, and Stanislaus County real estate activity. National inventory jumped by 15,348 listings to 859,353 after the July Fourth holiday stretch. The median list price stayed at $449,900, days on market held at 63, and price reductions moved above 40%. Ed and Mike also review local active listings, pending sales, July closings, mortgage-rate pressure, oil near $80, and the jobs and housing reports coming this week. A fast real estate and mortgage market update with the usual Real Estate Jerky bite. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #HousingInventory #PriceReductions #HousingMarketUpdate #OilPrices #TenYearTreasury #ADPJobs #JoblessClaims #NewHomeSales #MortgageApplications #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.