Shane’s Market Insights
We’re seeing some signs of life return to the local real estate market as we head into summer listing season. Overall sales are still sluggish compared to 2 years ago, but we are seeing an upswing compared to last year.
From January through the end of May, McCall saw a gain in properties sold (55 units so far in 2024 compared to 47 units in 2023). Sales in Meadows Valley have REALLY picked up in the last two months, we’ve now seen 14 sales YTD, compared to just 4 in 2023.
Inventory is creeping up over last year which could be a good sign and give buyers more options. Prices continue to rise across the area (with the exception of Meadows Valley) but the rate of increase appears to be slowing down a bit.
We should continue to see a good uptick in sales now that summer has come to the mountains. We’re seeing a lot of cash transactions, so it seems that second home buyers are still interested in buying despite those prices and interest rates.
If you’re interest in making a real estate move this summer, don’t hesitate to reach out. I can help you navigate the ins and outs of our ever-changing real estate landscape!