For the month of May, the average time for a house on the market was 51 days. That’s 43 fewer days than the average home in the month of January. The rising temps bring a rise in the real estate market. So what does this all mean? It means Rexburg needs more houses to sell! The demand is high and the inventory is low.
So what makes a home sell quicker than another? What are buyers looking for? According to NAR’s 2017 Home Buyer and Seller Generational Trends study, millennials were the largest group of home buyers (34 percent) for the fourth consecutive year.
In general, millennials are looking for open floor plans and a deck or patio for barbequing and entertaining. They are looking for bigger master bathrooms, bigger yards, and bigger homes altogether.
The market is strong. So if you are one of the many who has thought, “Maybe we should sell our home” but hasn’t acted on it yet, now is the time!