April Market Update

Hello everyone!

We are nearing our summer selling season here in Idaho and here are some of the stats from the month of April:

Year to date figures for 2006 show the highest percentage of sales in the $200-249,999 range, with approach. 19.8% of sales falling in that range.

Overall sold volume reported to the Coeur D'Alene MLS increased by 6% from end of April 2005 to end of April 2006. Vacant Land volume as reported to Coeur D'Alene MLS decreased by 30%; investment sales volume as reported to Coeur D'Alene MLS increased by 48%. Overall residential sales volume increased by 13.5%

Inventory levels for the number of active listings over the last 18 months shows an increase of 68% for all listing types from April 2005-April 2006. There is a 10% increase in inventory levels for all listing types from March 2006 to April 2006.

Residential Inventory shows a 12.6% increase from March 2006 to April 2006. There is a 83% increase in residential inventory levels from April 2005 to April 2006.

The overall residential average price total includes all residential listings in all areas, comparing previous year with current year. The average price was $195,520 in 2005. The average price for 2006 is $260,598 showing a 33.3% increase. Again this is all residential in all areas.

Let me know if I can help with your North Idaho Real Estate needs!

http://www.BuyAndSellNorthIdaho.com