Welcome to our quarterly real estate statistics blog, where we delve into the latest market trends in Ada County and Canyon County. In this edition, we compare the key indicators from April 2022, including home sales, average days on market, median sold prices, and notable changes in different areas. Let's explore the data and gain insights into the evolving real estate landscape.
Ada County:
Home Sales: Ada County experienced a decrease of 20.96% in home sales compared to April 2022, with a total of 645 homes sold during the quarter.
Days on Market: The average days on market in Ada County witnessed a significant increase of 243.74%, reaching 55 days, indicating a potentially slower-paced market compared to the previous year.
Median Sold Price: The median sold price in Ada County for the quarter was $518,000, reflecting a decline of 13.34%. In the resale market, prices were down 9.65%, while new construction prices declined by 19.69%.
Most Popular Area: NW Meridian emerged as the most popular area in Ada County, with an average sold price of $630,000, down 7.65% from April 2022.
Canyon County:
Home Sales: Canyon County experienced a decrease of 25.4% in home sales compared to April 2022, with a total of 373 homes sold during the quarter.
Days on Market: The average days on market in Canyon County saw a significant increase of 257.89%, reaching 68 days, indicating a potential shift in buyer activity and market conditions.
Median Sold Price: The median sold price in Canyon County for the quarter was $390,000, representing a decline of 18.16%. Both the resale market and new construction prices declined, with respective decreases of 18.16% and 25.98%.
Most Popular Area: Nampa South emerged as the top area to buy in Canyon County, with an average sold price of $475,000, down 8.26% from April 2022.
The quarterly real estate statistics for Ada County and Canyon County reveal notable changes in home sales, days on market, and median sold prices compared to April 2022. While both counties experienced a decline in home sales, median prices also saw decreases. Understanding these trends can help buyers, sellers, and industry professionals navigate the dynamic real estate markets in Ada and Canyon County effectively.
Please refer to the accompanying image/chart for a visual representation of the statistics. Stay tuned for our next quarterly update, where we'll provide you with the latest insights into the local real estate markets.
Disclaimer: The data provided is based on comparisons to April 2022 statistics. Market conditions may vary, and it is advisable to consult with a qualified real estate professional for a comprehensive analysis and personalized advice.
Contact House Of Palmer Idaho Real Estate for quarterly and weekly market updates!
Chris Palmer 208.761.8989
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