Where Is Our Market Headed This Fall?

Idaho Falls Real Estate Video Blog with Shawn Anderson

As we move into the end of the year, let’s take a look at how our market is faring. Right now, we’re still in a strong seller’s market.

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It’s been awhile since we’ve taken a look at our recent market numbers. So today, I’m bringing you a market update.

As summer comes to an end, a lot of people begin to wonder where the market is headed. If you are one of those people and would like to receive monthly market updates from my team and I, we would be happy to send you out our real estate market overview report.

For now, let’s move on to our latest update. Right now, we have two months of inventory. This has been the case for a while, and we’re still definitely in a seller’s market. In order for us to see a balanced market, the inventory would need to rise up to five months.

The good news is that low inventory points to a strong economy. It means that buyers are confident and ready to make purchases. As a result, homes are moving very quickly off the market, with homes under $200,000 selling especially fast.

In fact, homes in that price range are closer to a one month supply. Even homes up to $400,000 are seeing just about two months.

"Buyers are confident and ready to make purchases."

If you happen to be listing in either of these ranges right now, my team and I would love to help you. No one else invests in driving traffic to your listing the way we do.

But, buyers shouldn’t feel discouraged. There are still a lot of great opportunities out there for those who are looking instead of listing. Interest rates are great right now and listings are coming on the market all the time. Our team has three incredible buyer’s agents who are here to help.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.