Navigating Post Falls, ID Real Estate Market Trends For June 2024

When examining these real estate metrics, we notice a strong correlation among them, which paints a promising picture for both buyers and sellers and instills a sense of optimism in the market.

Let's start by examining the Months' Supply of Inventory, which stands at a low 0.64. This indicates that there are fewer homes available on the market compared to buyer demand. The low supply can create a sense of urgency among buyers, as they may need to act quickly to secure a home.

The 12-Month Change in Months of Inventory is also significant, showing a decrease. This sharp decline indicates that the market has become more competitive for buyers, as the supply of homes has decreased significantly over the past year.

The Median Days Homes are On the Market is only 5, which is a very short amount of time. This shows that homes are selling quickly once they are listed, further emphasizing the high demand in the market.

The List-to-Sold Price Percentage is 99.7%, indicating that homes are selling very close to their listing price. This can be a positive sign for sellers, as it suggests that they are able to receive close to their asking price for their property.

Lastly, the Median Sold Price is $756,722, showing that homes in this market are selling for a relatively high price point. This can be good news for sellers looking to maximize their profits.

Overall, these metrics suggest a highly competitive real estate market with low inventory, quick sales, and high selling prices. Both buyers and sellers need to be proactive and prepared to make strong offers or decisions.

Got more questions or need personalized advice? Feel free to reach out to me, Debbie Taylor, at The Agency Coeur d'Alene. I'm here to assist you with all your real estate needs and help you make the most of the current market trends in Post Falls, ID and all the surrounding areas.

Let's make your dreams come true! 🙌🌟