Market Data For Twin Falls Single Family Residents 1997-2013
The real estate market activity during the years of 2012 & 2013 has been appreciating from the previous years. In 2013, 1140 single-family homes came on the market with 680 of those homes sold. In the year 2012, 951 single-family homes came on the market with 581 homes sold. We have appreciated around 9% for the 2013 Twin Falls housing market, which puts us back to 2009 average prices. The market has also increased 27% in homes sold since 2010. What does all this mean? We have been in a Buyer’s market since 2008 and now looking at the 12 months absorption rate of 5.775 month that puts the Twin Falls Single Family homes market back into a balanced market and if numbers keep appreciating we could potentially be heading towards a Seller’s market.
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