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