According to a recent report I ran on FlexMLS the Post Falls Residential (stick built) market appears to be on the rise. Inventory is declining (11% down from last year) which will help prices remain firm, and the average days on market for a listing is down 32% from 2007.
There have been some definate adjustments to the market – the most apparent being the 10% drop in the average sale price across Post Falls. This could be in large part because of increased motivation from sellers, bank & foreclosure sales sellers using price to be competitive in a marketplace that is moving slowly and with lots of competition.
Either way, slowing inventory and faster turnover is a great sign for Post Falls Real Estate!