John Karevoll Market Quotations

Only if we have very short memories can we say there's a downturn in sales, or at least that sales are significantly low. This is actually as close to a normal market that we've had in seven to eight years.

It appears that today's market is probably as close to what we would call normal as we've had in a long time.

I think we are in a fairly normal market here. The market we are comparing to a year ago was an abnormal market.

What we're watching for here carefully are signs of a significant downturn, especially for price declines ... There are hiccups here and there but as a whole the market does not seem to be showing any signs of an impending decline.

That part of the market is pretty stable, it's just that there's been across-the-board appreciation.

It's clearly a market mix issue. Expensive homes are not selling as fast as inexpensive homes.

In most markets, the boom phase of the real estate cycle is behind us. The market is reestablishing a balance between supply and demand, buyers and sellers.

The market could go into a lull phase for a while where prices flatten out because we've pulled a lot of (sales) activity from the future.

The frenzied period is behind us. But that's good, from a market point of view. The abnormal market was the one we had a year or two ago.