Market Insider

See what your neighborhood is doing in the Market.

Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. 

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Market Analysis for Zip Code 99517- 

Price Trends - Sold vs. Listed

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

 

Market Inventory Trends

Review the inventory and health of the market by looking at the number of sold and listed properties. 

To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market. 

Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market. 

Sold: Properties sold that month

New: Listings that are new on the market

Distressed: Listings that are short sales, bank owned, or up for auction.

Standard: Non-distressed listings

 

Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

 

For more Market information in your area visit: http://www.homesinak.com/mimarket/zip/99517/