realestate

Real Estate Market Seeks Pre-Pandemic Stability

COVID-19 Pandemic Leaves Lasting Impact on Residential Real Estate in Idaho's Blaine County.

T
he COVID-19 pandemic reshaped the residential real estate market in Idaho and Blaine County, leaving behind a changed landscape. Recent data from property tax records and real estate sales reveal a region adapting to a "new normal." According to Bob Crosby, government affairs director for the Sun Valley Board of Realtors, 2023 marked a significant shift. "The surge is over," he stated, referencing an outlier period with unique statistics. The market has largely returned to its pre-pandemic volume of business.

Real estate professionals gather in downtown area seeking pre-pandemic market stability.