As autumn settles in, the real estate market in Ada County and Canyon County is experiencing its own set of changes. In our latest market report, we'll compare the data from this week to our last update several weeks ago. Let's delve into the numbers and uncover the evolving trends in both counties.
Ada County:
New Listings: Ada County witnessed a significant 39% increase in new listings, indicating continued market activity.
Average List Price: The average list price in Ada County increased by 7% to $710,309, reflecting potential confidence among sellers.
Average Sold Price: Ada County experienced a 5% decrease in the average sold price, settling at $595,466.
Homes Sold: The number of homes sold in Ada County decreased by 11%, with 153 properties sold.
Active Listings: Ada County's active listings increased by 2%, totaling 1,719 properties.
Pending Listings: Pending listings also showed a 4% increase, with 168 properties in the pipeline.
Inventory: Ada County currently has 2.2 months of inventory, indicating a balanced market.
Canyon County:
New Listings: Canyon County observed a 38% surge in new listings, suggesting active market dynamics.
Average List Price: The average list price in Canyon County decreased by 4% to $474,706.
Average Sold Price: Canyon County saw an 8% decrease in the average sold price, amounting to $440,067.
Homes Sold: The number of homes sold in Canyon County decreased significantly by 35%, with 82 properties sold.
Active Listings: There was no change in active listings in Canyon County, with a total of 836 properties.
Pending Listings: Pending listings decreased by 5%, with 76 properties awaiting closure.
Inventory: Canyon County currently has 1.9 months of inventory, indicating a competitive market.
Market Analysis: These numbers reveal interesting dynamics in both counties. Ada County experienced a surge in new listings and an increase in average list prices, while Canyon County saw a significant decline in homes sold. Understanding these shifts is crucial for both buyers and sellers.
As we progress further into fall, the real estate market in Ada County and Canyon County continues to evolve. Whether you're looking to buy or sell, understanding these market dynamics is vital. For personalized guidance and to navigate the changing market with confidence, contact our expert team at House Of Palmer.
Ready to make a move in this evolving market? Discover the current value of your home with our "What's My Home Worth?" tool. Click here to get started and make informed decisions for your real estate journey
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