We are starting to see more activity going on in the market place as we get closer to spring and warmer weather. (It's close!!)
Our residential inventory in the Bitterroot MLS is down 20% from a year ago and that is a good thing. As we clear out some of this inventory we will see our prices stabilize. We are also seeing more pendings at this time of year compared to a year ago, but our closings are still way down.
The new First Time HomeBuyers Tax Credit should help our market, especially when those buyers get educated about the $8,000 tax credit (that is no longer a loan). If you know a first time homebuyer have them give us a call, as it is a great time to buy with low interest rates, great prices on homes and the tax credit.
Watch for news of our up and coming First Time HomeBuyer Seminar.
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