Economy seems slow right now.

Pixiepumpkin · May 11

Is it just me or does the economy seem slow now. It's the slowest I have seen it. Even listing base game patterns for 100g are not selling to new players and this is in starter locations and in major hubs.

I feel like its an absolute disservice to be listing things for 100g, but when those are not even selling..I dunna

Game really needs a central auction house to be able to list base game/cheap items so we do not use up valuable slots at our guild traders. Limit the auction price to something low like 1000g.

MrGarlic · May 11

Consumer confidence is low due to upcoming changes to the game. This affects the in-game economy.

It is normal and to be expected and is not unprecedented.

RealLoveBVB · May 11

Reasons could vary a lot.

First of all: why would a newbie need a random pattern?
Cheap patterns stack up very fast in guild traders, as they get looted several thousand times per day.

Before someone new would deal with patterns, they most likely spend their gold in progression, like gear, bank, mount training etc.
Patterns also don't help to progress or give you anything as beginner.
Housing is considered endgame for a good reason.
Social guild banks are full with them too.

Overall it's not about the economy itself, but more that cheap patterns are not really wanted, as the game is flooding you with them.

Patterns are way to niche, to make a opinion about the economy.
If you want to make beginners happy and also make good money, you could offer any kind of mats, intricate gear or nirnhoned gear for research.

redlink1979 · May 11

I think new players focus might not be housing. Besides that, some struggle in gathering coin.
And no, an auction house wouldn't solve this "isuue" you seem to have.

BahometZ · May 11

Economy usually slumps after the glut of jubilee. I also think a lot of the population is intermittent, taking breaks, then coming back for events.

DenverRalphy · May 11

It's still too soon after Jubilee.

First, the traders are flooded with the product. Second, patterns dropped so willy nilly during Jubilee that fewer players are shopping for them because more players have now already learned them.

After Jubilee, you're better served shifting your focus away from furnishing plans for a while if that's your normal product stream. Same applies to motifs.

LalMirchi · May 11

While the games economy has indeed slowed, I've gone down from listing items every day to just once a week. However, strangely enough, the vast majority of my items are sold within the week.

An auction house for this game was and still is a terrible idea.

wolfie1.0. · May 11

May is always a slow month.

Summer break, finals, vacations, gamers going outside for their annual sun exposure....etc.

rothan117 · May 11

As far as low end stuff, intricate gear sells out very fast. Way more demand than low end patterns.

freespirit · May 11

I vendor all my base game grren plans, they are never worth putting on a trader, I save the glut of blue ones from Anniversary for a few months some will be worth selling, many won't.

Intricate jewelry always sells fairly fast when listed just under 500g each.

Atm furniture is selling well, lots of people have just earned a new big house, many of these people have never owned a big house and cannot make the furniture to fill it!

@Pixiepumpkin you are into housing, look at the house, think what styles may suit it and make some items in those styles, smaller accent clutter always sells too. 🙂

MorallyBipolar · May 11

Pixiepumpkin wrote: »

Is it just me or does the economy seem slow now. It's the slowest I have seen it. Even listing base game patterns for 100g are not selling to new players and this is in starter locations and in major hubs.

I feel like its an absolute disservice to be listing things for 100g, but when those are not even selling..I dunna

Game really needs a central auction house to be able to list base game/cheap items so we do not use up valuable slots at our guild traders. Limit the auction price to something low like 1000g.

About the same time ZOS limited guild store listings to only 14 days the market crashed. This wasn't the only reason, but I don't think it's a coincidence. This is why I stopped messing around with guild stores and many trade guilds went out of business. So the market has been pretty bad for about 18 months now.

Twohothardware · May 11

No new content released yet, no big event going, and no crossplay between platforms.

valenwood_vegan · May 11

I'm glad I made some gold when times were good; most stuff isn't worth the trouble to sell anymore. I left most of my traders and just sell a handful of nicer items I find and vendor everything else. It shouldn't feel like a job.

There are a lot of reasons why prices are low and demand is down; a *big* one is that it's been about a year now since there was any substantial new content. There's not much happening in the game; there's not much for vet players to do; there's not a new meta and many players don't really need anything. With the anniversary celebration, there have also been more and longer events that drop massive amounts of the same old mats, plans, motifs, etc.

As for the specific issue mentioned by OP, my own opinion is that there just aren't enough new players (particularly ones who stick around for more than a short time and really start interacting with the market) to consume the huge number of low-level items and plans that drop.

Silaf · May 11

Zos keep making events that gift to everyone insane amounts of rare materials. On top of this crafting materials have become really common since the jeulry change.

No rare materials=nothing to buy=a dead economy.

Vulkunne · May 11

I agree with the others; this is just bad time of year for MMO stuff right now.

So, with that said, there's still plenty needs doing in ESO, characters to update, prep work to be done before subclassing gets started, work to be done on my economy, some accounts to settle. Lots to be done.

Desiato · May 11

Regardless of all other factors, there is usually -- if not always -- a lull in player activity and the economy this time of year that lasts until the new season/chapter launch.

KiltMaster · May 11

Part of it could be your listings. A lot of those green patterns are hard to even give away for free, I've found.

I've always said: 'Sell what other players want - not what you don't want'.

The other part of it like others mentioned is that it's too soon after jubilee and too early before new content.

Are the things you're trying to sell suck? Yes probably. Is the economy down also with other typical high value/high in demand items? Also yes.

kargen27 · May 11

I've seen what I am listing begin going up in price. It is a slow climb but going up always takes longer than going down. We had so many events one after another that flooded the market with goods causing supply to get way out in front of demand.

DreamyLu · May 12

I'm not sure if it could be one of the reasons, but I'm a resources farmer and since about 2 weeks, I witness a massive increase of players farming resources, in every zones I'm used to go, at any time of the day.

I can imagine that all those players don't buy on trading market anymore since they farm what they need. It probably doesn't explain everything, but it's certainly part of it.

cuddles_with_wroble · May 12

Bcs everything of value costs 10x more than it’s worth these days, prices are a complete scam

Orbital78 · May 12

Adapt, think outside the box, and find things that have demand. The market is definitely slower since the listing times were decreased, it drives undercutting. Keep up to see if you have the lowest price, see how many are already listed, sometimes it is better to fill in on a different trader that doesn't have those items.

I don't find it too hard to make a million gold a week, pretty easy. With all the events some mats and motifs are flooded, hold on to them or be willing to be competitive. I have mostly been farming Scions of Ithelia motifs, selling chests ~230k each and some smaller parts for 90-150k. Cash in writ vouchers for the Gold Road recipes, mine sold rather quickly and I fill in missing ones on my main crafter. Attunable crafting stations are always in demand as well.

daim · May 12

Pixiepumpkin wrote: »

Is it just me or does the economy seem slow now. It's the slowest I have seen it. Even listing base game patterns for 100g are not selling to new players and this is in starter locations and in major hubs.

I feel like its an absolute disservice to be listing things for 100g, but when those are not even selling..I dunna

Game really needs a central auction house to be able to list base game/cheap items so we do not use up valuable slots at our guild traders. Limit the auction price to something low like 1000g.

It's been like that when the change was made with the jewelry updates and others things like 2 week listing durations.

Only rare items sell like before if you know what they are.

hiyde · May 12

Speaking just about the handful of PCNA trading guilds I'm in / or help run, I'm seeing some encouraging signs.

It feels like after the big reset to the economy last year that basically took us back to 2021 prices, that there's been a slow & steady rebound in activity as folks adjust to the new normal.

I'm not saying everything is perfect or that last year wasn't super frustrating but at least for the time being, there seems to be slight motion in the right direction, at least in the small slice of guilds I'm familiar with.

Fingers crossed for next month...

twisttop138 · May 12

My guilds keep begging us to fill the traders we work hard to get. I feel really bad but as a returning player I'm not sure what to sell really. I have years and years of mats in my craft bag but going around to different traders on PS5 the prices vary so wildly idk what to sell them for. I can craft some pretty amazing furniture but again same issue. I have lots of trial and dungeon motifs but now doesn't seem the best time for that, after jubilee. When it comes to trading I just feel kind of lost. I'm not the only person that feels this way, we talk about it on discord. The only thing I do sell is master writs. I would love to participate more, so I can't really say if everything has slowed down.

mrreow · May 12

cuddles_with_wroble wrote: »

Bcs everything of value costs 10x more than it’s worth these days, prices are a complete scam

I bet it’s because of less endgame players but not as much lower number of casual players so that the rare items farmed by dedicated players are rarer but demand isn’t proportionally lower

cuddles_with_wroble · May 12

mrreow wrote: »

cuddles_with_wroble wrote: »

Bcs everything of value costs 10x more than it’s worth these days, prices are a complete scam

I bet it’s because of less endgame players but not as much lower number of casual players so that the rare items farmed by dedicated players are rarer but demand isn’t proportionally lower

well yes actually, the end game community is liek 10% of what it used to be before u 35

frogthroat · May 12

All of the above, but also, at least on PCEU the biggest trade alliance just quit - as in, multiple guilds. I think big part of it is bots ruining the economy so they just didn't want it any more. But that left a huge vacuum in the trade guilds.

katanagirl1 · May 12

Gh

twisttop138 wrote: »

My guilds keep begging us to fill the traders we work hard to get. I feel really bad but as a returning player I'm not sure what to sell really. I have years and years of mats in my craft bag but going around to different traders on PS5 the prices vary so wildly idk what to sell them for. I can craft some pretty amazing furniture but again same issue. I have lots of trial and dungeon motifs but now doesn't seem the best time for that, after jubilee. When it comes to trading I just feel kind of lost. I'm not the only person that feels this way, we talk about it on discord. The only thing I do sell is master writs. I would love to participate more, so I can't really say if everything has slowed down.

This is my experience also. I used to keep the trader full and have items in my inventory waiting for space to be freed up, but yesterday I listed a master writ and checked to see how many items I had in the trader and it was the only one.

freespirit · May 12

frogthroat wrote: »

All of the above, but also, at least on PCEU the biggest trade alliance just quit - as in, multiple guilds. I think big part of it is bots ruining the economy so they just didn't want it any more. But that left a huge vacuum in the trade guilds.

It didn't really though, was it 4 or maybe 5 guilds disappeared, their spots were instantly filled and life carried on.

I often do a "shopping run" and if I'm honest it was very rare that those guilds had competitively priced items and they were more often than not mostly in Mournhold with one in Vivec.

The traders from those guilds have probably already joined new ones.

TheMajority · May 12

economy and trading has been in a slump since they changed the way traders work, nobody can sell anything, so nobody has money to buy, so no body can sell anything, so nobody has money to buy...ext...on and on, a snake eating its own tail. Not worth it to list anything any more.

LootAllTheStuff · May 12

DreamyLu wrote: »

I'm not sure if it could be one of the reasons, but I'm a resources farmer and since about 2 weeks, I witness a massive increase of players farming resources, in every zones I'm used to go, at any time of the day.

I can imagine that all those players don't buy on trading market anymore since they farm what they need. It probably doesn't explain everything, but it's certainly part of it.

It may not be the only factor, but endeavour dailies have included resource farming as an option the past two weeks.

In terms of the trader, I'm also unsure what's really selling right now. It seems that traders are always out of that one specific motif page for the style required by a master crafting writ (Need gloves? Nope - everything but. Next week: need a sword? Got lots of gloves!). Rare resources and leg. potions also seem to sell, but figuring out a fair price on XB-NA is a nightmare - the range is huge.