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Positives:We've gotten a much-needed bump in new listings since New Years. It's snowbird season here in Florida and the buyers are out in force. Our prices continue to stairstep upwards.
Negatives: more "expert local agents" on Zillow who live in other cities and know nothing about the local market.
In the Boise Idaho area (Ada County), I pulled up residential listings closed in the first 15 days of this year and last year. So far this year, we are already up 12 homes compared to last year which is a 6.5% increase over last year. Average sales prices are up from $246,800 to $263,462. If you prefer median prices, they still went up from $217,500 to $238,200.
Our inventory continues to drop so I anticipate continued increase in pricing for the remainder of the year at least.
Thanks for making me look up the statistics for you since now I have done my homework for my blog (grin).
Jim
I'm in Florida and I'm shopping for a house. I am starting to think about holding off. Prices are getting too high for what you are getting and I think there will be a small bust coming. Thoughts?
I'm in Florida and I'm shopping for a house. I am starting to think about holding off. Prices are getting too high for what you are getting and I think there will be a small bust coming. Thoughts?
I'm not seeing crazy price increases in my area (Central East Coast). Demand far exceeds supply so barring some unforeseen event, I don't see any catalyst for a bust. I'm talking my area only. Could be different where you are.
i've read articles stating that Chinese people will be spending more money on USA real estate this year after their stock market and economy troubles.
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