Don’t Miss Out on this Great Opportunity in Our Market

Certain conditions have created a great opportunity for home sellers in our market. Here’s how you can take advantage.

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Something amazing is happening in our Eastern Idaho market right now.

If you look across the board, we only have 1.5 months of inventory, which means there is a shortage of homes available. Some price ranges are even below a one-month supply. Any time a market has an inventory of less than five months, it’s considered a seller’s market.

This lack of inventory isn’t surprising for most people, but the cool thing is that in our area, it’s still a buyer’s market above $300,000. In that range, there’s still an excess of inventory, so buyers can still get a pretty decent deal there.

"The best way to take advantage of a market is to sell a house in a seller’s market and then buy a house in a buyer’s market."

What does this mean? If you’re transacting on both the buyer and seller side in the same market conditions, it doesn’t matter if it’s a buyer’s or seller’s market. Everything is a wash. If you take a hit on one side, you can make it back up on the other side, and vice versa.

The best way to take advantage of a market is to sell a house in a seller’s market and then buy a house in a buyer’s market, and that opportunity exists right now in Bonneville, Jefferson, and Bingham counties. If you list a home that’s under $300,000, you’re listing that home in a seller’s market, which means you’ll be able to sell it quickly and for top dollar. After that, you can look in the price range above $300,000 and take advantage of the conditions there.

If this opportunity sounds like something you’d be interested in or you have any other questions about our current market, don’t hesitate to reach out to my team. We’d love to help you.