Welcome to our updated market report, analyzing the latest real estate trends in Ada County and Canyon County. In this edition, we will compare the current statistics to the previously shared data and provide insights into the market dynamics between these two counties. Let's explore the numbers for the week of May 29 to June 4.
Ada County:
New Listings: Ada County witnessed a 16% increase in new listings, with a total of 277 properties entering the market.
Average List Price: The average list price in Ada County remains unchanged at $712,824, consistent with the previous week's data.
Average Sold Price: The average sold price in Ada County also remained the same at $673,903.
Homes Sold: Ada County experienced a significant 34% increase in the number of homes sold, with 231 properties sold during the week.
Active Listings: The number of active listings in Ada County saw a marginal increase of 1%, totaling 1,385 properties.
Pending Listings: Ada County witnessed a slight decrease of 1% in pending listings, with a total of 194 properties awaiting closure.
Inventory: With 2 months of inventory, Ada County continues to be in a seller's market.
Canyon County:
New Listings: Canyon County observed a 13% decrease in new listings, with a total of 100 properties entering the market.
Average List Price: The average list price in Canyon County remained steady at $550,814, similar to the previous week.
Average Sold Price: The average sold price in Canyon County also remained unchanged at $466,831.
Homes Sold: Canyon County experienced a 5% decrease in the number of homes sold, with 104 properties sold during the week.
Active Listings: The number of active listings in Canyon County increased by 1%, totaling 656 properties.
Pending Listings: Canyon County witnessed a significant decrease of 27% in pending listings, with a total of 79 properties awaiting closure.
Inventory: With 1.7 months of inventory, Canyon County remains in a seller's market.
In Ada County, there was an increase in new listings, homes sold, and active listings, indicating continued market activity. The average list price and average sold price remained consistent. Canyon County, on the other hand, saw a decline in new listings and homes sold, along with a notable decrease in pending listings. Both counties remain in a seller's market, although Ada County has a slightly higher inventory.
The real estate market in Ada County and Canyon County exhibited distinct trends during the week of May 29 to June 4. Ada County experienced growth in various aspects, including new listings and homes sold, while Canyon County saw some decreases in new listings and pending listings. These insights can help buyers, sellers, and industry professionals navigate the evolving real estate landscapes in Ada County and Canyon County effectively. Timing the market for buying or selling is a delicate financial matter and at House Of Palmer, we pride ourselves on staying up to date on current trends to truly serve our clients needs.
Stay tuned for our next market report, where we'll provide you with the latest updates on the real estate markets in these counties. Call us if you have any questions about today's market, we are happy to assist you in every way we can. 208.761.8989
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