Sure, but the data really needs to be local. Your economy is driven by oil, ours is driven by tourism. We get all the retiree's due to no State tax. etc..
The median price of a single family home is up $600 in 9 months after a 52% increase over the previous 3 years. $118,000 up to $220,600
Inventory levels have nearly doubled since the median price hit it's low point in 2012. Resale inventory has stayed steady for roughly 2 years. New home builders are building everywhere. Their median price is $100,000 higher than the resale market. I've seen standing inventory from multiple builders lately and have negotiated aggressively with them for my buyers.
Days on market has stayed pretty consistent.
Ikea just built a new store and the T-mobile arena just opened. From what I see, many are thriving here and spending money again. People are moving here again from CA and all over the country. The census data shows that we've gained population in the last few years. Not by a large margin, however. Many that were upside down have found freedom with the rising home prices and are moving away. We are growing...
Residential median lease rates have climbed $125 per month in the last 5 years.
I hired a new assistant last week. I had roughly 60 applicants in 48 hours for a $15 an hour job plus bonuses.
I'd have to research the rest of the questions.
I'm seeing a bunch of first time buyers, some relocations, and move ups and downs now with the new found equity in the market. I think the market has some good life left in it and seems fairly stable.
I'd sit down with 2-3 commercial agents and bounce some of this stuff off them if you are thinking of making a major play.
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Todd
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