There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (208) 227-5357 for a FREE home buying or selling consultation to answer any of your real estate questions.
It’s about time for us to provide you with another real estate market update for Idaho Falls, so we wanted to do that today. We have some statistics and predictions that we think you will be very interested in.
We are watching inventory continue to go down in Idaho Falls, while sales continue to remain strong. Right now, the inventory out there is sitting at 3.9 months. That’s the lowest level we have seen in 7 years! Right now, we are selling about 156 houses a month, home values are going up, and it’s a great time to buy or sell.
For buyers, interest rates are still very low and we are happy about that. It may make finding a good home a tad more difficult, so it’s important to have a licensed buyer’s agent representing you and looking at all your potential options in order for you to get the best deal possible. Plus, we have a lot of unlisted inventory from sellers who want our buyers specifically to get a crack at their home first.
For sellers, this is a fantastic market. The average days on market of 85 is the lowest it has been in years. Our team’s average is just 62 days and we are starting to see list prices and sale prices come together just a little bit.
One question we’ve been getting a lot is when the best time of year to sell a house is. In our opinion, there are about half as many homes for sale in the winter months as there are in the summer months. You might only have one or two showings a week at that time, but when a buyer walks through your home they are serious about looking and you’d be surprised at the kind of price you could fetch.
If you have any questions for us, just give us a call or email. We would love to speak with you!
