Are you looking to purchase a home in the Coeur d’ Alene, Idaho Region?
Here are the stats for new listings, price changes, closed and pending numbers for both residential homes and vacant land. For this week our new listings were down from the previous week but not by much. We are seeing more homes coming back on the market after having an accepted offer and a lot of price changes. What does this mean? It could mean a little softening of the market. With the increase in rates some buyers have been priced out of the market. Also buyers are not as willing to over pay for a home just to get into a home as they might have been last year. We are also see less buyers that are wanting to waive the homes inspection contingency.
If you have any real estate related questions feel free to reach out.
Phenix Agency, INC