Year end, 2011 shows a 17% decrease from last year in the number of NEW listings at 2045 average homes. In 2010, we averaged 1307/mo active homes on the market; however, in 2011 we averaged 1069/mo. That is an 18% decrease in our inventory. Now is a great time to buy a home with many motivated sellers out there. Our market did turn in September of 2007 and sales have not been the same since then. However, in comparison to other areas of the country we are holding good and home prices are still appreciating ever so slightly just not at the pace people became accustomed to in the past years. Despite all the national media talk, our market is still more balanced than most. Days on market are only up 4% and the average sales price in our market has only dropped by 5%. Please e-mail me at mag@realtor.com for detailed graphs.
ZIP Codes: 83401, 83402, 83403, 83404, 83405, 83406 Location Characteristics: Idaho & especially South East Idaho's Real Estate Market remains relatively strong compared to most of the nation. Idaho Falls is centrally located with the Snake River flowing through the city. This high desert plain is close to the mountains with Yellowstone, Jackson or Sun Valley only a 2 hour drive away. We have great shopping and medical facilities here. This is a great community and I am proud to call it HOME. We welcome you to our area!
