Ada & Canyon County Market Report: May 15 - May 21

Welcome back to our updated Ada and Canyon County Real Estate Market Report, where we provide you with the latest insights and trends in the local housing market. In this edition, we'll compare the statistics for the weeks of May 1-7 and May 15-21, highlighting any notable changes in available homes, new listings, and the percentage of homes sold above asking price. Let's dive right in!

Ada County:

• Available Homes: Compared to the previous report, the number of available homes in Ada County has experienced a3% increase. This indicates a growth in the inventory, potentially influencing buyer options and market dynamics.

• New Listings: In the current period, Ada County witnessed a 20% decrease in new listings compared to the previous report. This signifies sustained seller activity, offering sellers an advantage to listing this week, while availability wanes.

• Homes Sold Above Asking Price: The percentage of homes sold above their initial asking price during this period changed to 27% increasing from the previous report. This significant shift suggests potential fluctuations in buyer demand and evolving negotiation dynamics between buyers and sellers.

Canyon County:

• Available Homes: In Canyon County, the number of available homes remained the same from the previous report. This indicates a stable supply of housing options for prospective buyers.

• New Listings: The current period witnessed a 24% decrease in new listings compared to the previous report. This decrease of fresh properties suggests sustained seller engagement, lessening the selection for buyers in Canyon County.

• Homes Sold: The number of homes sold during this period changed to 91, increasing by 12% from the previous report. This fluctuation in sales could be influenced by various factors such as seasonality and shifts in buyer behavior.

The real estate market in Ada and Canyon County continues to evolve, showcasing some interesting changes during the week of May 15 to May 21. This week's report indicates that buyer activity is on the rise while sellers are more reluctant to list than previous years during this season. For a comprehensive analysis tailored to your specific needs, consult with us for personalized advice. We also receive weekly reports for the following counties: Valley, Elmore, Bonneville, Bingham, Bannock and Madison

Stay tuned for our next update, where we'll provide you with the latest developments and insights into the ever-changing real estate landscape in Ada and Canyon County.

Remember, at House of Palmer, we are here to guide you through your real estate journey with our expertise and knowledge of the local market. Contact us today for personalized assistance.