Nearly every market throughout the country experienced an unusually slow summer for real estate sales when all expectations pointed towards a recovery. The Coeur d'Alene, Idaho real estate market wasn't any different.
The real estate market continued a decline throughout the past several months and this has been marked by the the overwhelming amount of media attention drawn to continued poor numbers. And while these statistics are far from encouraging, it seems as though in the past several weeks, buyers have begun to enter the market as an apparent bottom nears.
Markets have begun to stabilize throughout the world and the housing marketing in the US is starting to show obvious signs of recovery. In Coeur d'Alene, Black Rock Properties Group and Tomlinson Sotheby's International Realty have seen an increase in traffic, offers submitted as well as offers pending of real estate throughout the Coeur d'Alene area.
We will continue to monitor activity in the Coeur d'Alene and Sandpoint Multiple Listing Services (MLS) in the coming weeks. It is our prediction, however, that we will see some encouraging statistics for September and into October as a bottom is felt in the market. Visit Blackrockfinehomes.com.
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