There has been bit of a shift in the real estate market in Coeur d’ Alene, Idaho region. Now I am not saying that there is a burst in North Idaho real estate market but there is a change that has started.
-With that change it is even more crucial now to price your home right as a seller. Also to have an agent that gets professional photos on your home. Buyers first see your home online so that is the best first impression.
-Sellers are not able to overprice their home and get it sold.
-Buyers now are not as willing to waive inspection contingencies and appraisal contingencies. Buyers are also taking their time on deciding to put an offer in.
-Buyers are not over bidding unless the home is new on the market and at a really good price.
-There are more homes in the MLS getting price changes and coming back on the market then we have seen in previous years. ( Just check out the numbers in this video.
-Homes are only seeing multiple offers if they are priced right, priced in the lower price ranges or just hit the market and a good value.
-With the recent increase in interest rates buyers are being more picky on the homes that they are purchasing.
You can see that in these numbers that I have provided for the May 2022 stats.
If you have any other real estate questions feel free to reach out Amanda Kuespert- Phenix Agency, Inc in CdA, Idaho 208-755-6551