Across the nation real estate existing home sales are up. There are more properties selling now that prices are dropping to levels that buyers feel comfortable. We are seeing that in the North Idaho real estate environment as well. Prices have been dropping and we are seeing a huge level of buyer activity, particularly in the sub 175K range.

I was in some new construction model homes this weekend with real estate clients (Hawks Nest, Viking Construction and Hallmark Homes (I wrote 3 offers on Saturday). I was observing that there was a constant stream of buyers coming in. I think North Idaho real estate will be picking up starting now. Looking at the total market overview, we are at a 20% pending ratio for sub 175K homes (number of listed to number of pending), which is very strong compared to the last couple of months. If you would like a copy of this weeks Kootenai County Total Market Overview (TMO), just let me know and I will send you a copy.

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