The average time a home is on the market in Pocatello before it sells really stretched out in May, jumping from just over 100 days in April to nearly 120 in May. This may have been caused by a jump in inventory we saw in April. I also think there may still be some buyer reluctance despite the fact this is an incredible time to buy a home. The Real Estate absorption rate has stayed fairly healthy and steady, my latest calculations indicate our current home inventory would last 3.6 months.
See updated graphs at PocatelloRealEstateMarket.com
