New-Home Sales on the Rise!

New Home Sales Surge Past Post Recession High!

Sales of new single-family homes climbed 16.6 percent in April, reaching the highest sales pace since January 2008, the Commerce Department reported this week. Newly built, single-family homes rose to a seasonally adjusted annual rate of 619,000 units in April.  Read more…  

North Idaho's market is healthy with residential sales at a 12% increase over April.  **

Johnandtraceyareastats

 

 

 

 

 

 

 

 

 

 

JohnandtraceyHousingMarketIndex

 

 

 

 

 

 

 

Housing Market Index : National Association of Home Builders   
**Source: Pioneer Title

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on June 3, 2016 at 7:30 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Why Is Inventory So Low?

Ever wonder why our inventory is so low? 

Here is an explaination from Matthew Gardner, Chief Economist for Windermere Real Estate. 

Here in Kootenai County we have an inventory shortage, however, our market is fairing better than many other states across the US.  Most all segments of our market are performing well and most homeowners who bought at the top of the market are now in an equity position.  

If you are on the fence about selling, now is a great time!  Abunance of buyers, low rates, inventory shortage;  all increase your odds of selling!  

 

 

The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future. 

 

Want to learn more about the value of your home and your odds of selling? Let's connect and we will be happy to provide a complimentary market analysis for your home so you can determine if now is a good time to sell.

 

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on May 17, 2016 at 9:23 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , ,