May 16th , 2014
In today’s Blog I’d like to talk about inventory. As with any simple economics model, if there is demand, (which there is) and inventory goes down, prices remain stable and/or begin to go up.
We are seeing trends now that indicate a strengthening Sellers market, that is, inventories are going down. I ran some statistics for Single Family Residential properties and we see that across the board, inventory for that genre of our market is down from the last year. Here are those numbers.
– North Ketchum
– Sun Valley (including Elkhorn)
– Mid Valley
What does this tell us? The market here in the Wood River Valley is gaining strength and the days of the strong Buyers market are, for the most part, over.
Whether you are interested in a full time residence in Hailey, or a vacation home in Sun valley…NOW is the time to consider buying here in the beautiful Wood River Valley.
For more details on this information or for anything real estate in the Wood River Valley, please contact me anytime. 208-720-0906 or email@example.com
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