Welcome to Real Estate Coaching Radio, America's number one trusted resource for realtors who demand authentic real-time coaching.

Starring, award-winning real estate coaches Tim and Julie Harris.

Get ready for unfiltered, full-strength honesty about what is truly working to get you into action and make you money in this new real estate boom.

Now to our hosts, Tim and Julie Harris.

Thank you. real estate boom. Now to our hosts, Tim and Julie Harris. We're joined today by Jonathan Smoke, the chief economist for Realtor.com, the official

site of the National Association of Realtors. Smoke is a 20-year veteran of the real estate

industry and has held a number of executive roles throughout the industry.

Prior to working for Realtor.com, he served in key executive roles for Hanley Wood,

an information and marketing services company serving the residential, commercial design, and construction industries.

He's also an entrepreneur with business ownership and consulting experience and has a master's in business administration from the University of Texas at Austin.

He joins us today to discuss the October National Housing Trend Report and help to keep us up to date with today's changing real estate marketplace.

Now, let's welcome Jonathan Smoke to the call as we join our host, Tim Harris.

Jonathan, welcome back. I always love having you as my co-host.

I was just got, you know, we were chatting a bit for the call, and you do have a very effective way

of explaining what could be very boring topics in an interesting way.

You know, and I appreciate that because that's a true talent.

So let's drill down on this October housing report.

What specific things have changed since the last filing of the report?

Well, October was mainly a continuation of trends we've already been discussing.

So at the headline, I would say list prices are holding steady and inventory remains very tight.

So we saw basically no month-to-month change in our median list price, and we saw that's still up around 8% year-over-year.

And then on the inventory side, we saw the typical month-to-month seasonal decline, but in October, that also tipped us into listing counts that are beneath the

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