May Market Update

Hello everyone!

Summer is here! Ironman is just around the corner as well as Hoopfest and many other wonderful events! It is a great time to check out North Idaho!

Here are the stats from the month of May:

Year to date figures for 2006 show the highest percentage of sales in the $200-249,999 range, with approx. 19.6% of sales falling in that range.

Overall sold volume reported to the Coeur D'Alene MLS increased by 3% from end of May 2005 to end of April 2006. Vacant Land volume as reported to Coeur D'Alene MLS decreased by 23%; investment sales volume as reported to Coeur D'Alene MLS increased by 23%. Overall residential sales volume increased by 9%.

Inventory levels for the number of active listings over the last 12 months shows an increase of 113% for all listing types from May 2005-May 2006. There is a 28.5% increase in inventory levels for all listing types from April 2006 to May 2006.

Residential Inventory shows a 25% increase from April 2006 to May 2006. There is a 122% increase in residential inventory levels from May 2005 to May 2006.

The overall residential average price total includes all residential listings in all areas, comparing previous year with current year. The average price was $201,685 in 2005. The average price for 2006 is $262,922 showing a 30.4% increase. Again this is all residential in all areas.

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