Monday, October 23, 2006

Southeast Idaho Real Estate Market Strong in 2006

The media is filled with stories about the slowing national real estate market.

Overall, national sales are expected to be off about 8.9% from 2005. Prices are projected to be up around 1.5%.

But, here in Southeast Idaho, we are doing much better than that.

A compilation of data from both the Snake River MLS and the Pocatello MLS through September 31, 2006 shows that 2006 sales are down only .9% from 2005's record levels.

And, prices are up 6.5% so far this year.

Overall, Southeast Idaho's strong economy and moderate interest rates are bouying our robust real estate market.