Keller Williams real estate agent Jill Giese started to get worried when several Boise listings went several weeks without receiving any nibbles.
The houses had been on the market for about three months, much higher than Gieses 21-day average. She sent a Facebook message to a handful of other agents who all said the same thing: The market had taken a vacation.
The market always slows a little during the holidays, but this was different. Giese thinks the fact that Christmas and New Years fell on Wednesdays meant home buyers took two weeks off from house hunting.
It was absolutely the least activity Ive seen in any holiday season, Giese says. It was dead.
Giese says the higher-than-normal days-on-market numbers will soon return to post-recession lows. The phones started ringing again during the second week of January.
Take a closer look home sales in the Treasure Valley here.