Friday, April 19, 2013

Partridge's prediction

Here's the Coeur d' Alene REAL ESTATE MARKET snapshot of stats that reflect average home prices in Kootenai County since last year:

Homes for sale between $175k - $250k are moving

- Inventory across the board is at 3.1 months now compared with 5.2 months of inventory a year ago 
That means either there are fewer homes on the market, or they are being purchased quickly, which in turn results in a smaller supply.

- Homes are selling 30 percent faster than April 2012

- Even though inventory is moving, there are approximately 55 more homes on the market in this price point at this moment than a year ago.
Partridge's Prediction: Stability in the lending market will cause a continuation of increased activity unless inventory and price increases outpace current volume.

-John Partridge, Sales Associate, Keller Williams Coeur d’Alene

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