What's The Market Look Like In Minot, Bob?
These are the numbers today! Looking into my crystal ball of past experience I'm going to say we will continue to see a very gradual decrease in home prices until spring rolls around. Last year around this time the average home price was around or even above $300,000, today $267,731. that's better than a 10% drop in the average. I think maybe we will see it go down to a 12% drop before April. Come April I think the prices will rebound 8 to 10%. If the oil market tightens up we could see prices surpass last years highs. BUT I do not foresee oil prices rebounding (I think it will take about $50.00 a barell) to a point we will see sharp growth until late Fall, say September 2016. That's just my opinion.