The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people in Idaho Falls and surrounding areas are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale in the U.S. dramatically increases every spring, according to the National Association of Realtors (NAR), this fact is also true for us in Idaho Falls. As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Bottom Line
Buyers in the Idaho Falls market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate. The Cindy Bates Group wants to help you sell your home before the spring rush hits, but if your not quite ready, give us a call anyway! We can give you all the best tips to being ready when the time is right for you!