The Real Estate Market in 2009

That is the big question that everyone is asking. We thought that 2007 and 2008 was a wild ride but 2009 is definitely turning out to be even wilder! To take a look at where the market is headed let’s go back and look at the past 10 years. The chart above shows what has taken place in our area since 1998.

As you can see we have enjoyed a steady housing market over the years until about the second quarter of 2005 when demand began to out pace supply. Prices soared as there were more buyers than there were homes for sale. After about a year of homes selling at a record pace the market began to slow up during the second half of 2006. Home prices have been declining ever since due to more supply and less demand.

Today, we are just back to where we were before home prices took a huge leap! That’s good news as homes are once again affordable for most Idahoans. Now that home prices are leveling out more buyers are beginning to take that step forward and purchase. The 2009 real estate market looks to be back to business as usual.

We are proud to say at The Equity Savers, even though home sales in 2008 are down 38% vs. 2007, our sales have increased by 11% during that same period! We contribute our success to our relentless marketing, giving your home the most exposure possible, our focused attention to customer service, and our experienced & knowledgeable representation. Oh, and by the way, all this for a low set fee that will Save You Thousands!