Are you curious about the latest market trends? Whether you’re looking to buy or sell, House of Palmer | Real Estate is here to guide you every step of the way.
Reach out today for personalized insights on the real estate market in Ada and Canyon counties!
The Idaho real estate market continues to show shifts across both Ada and Canyon counties. Whether you're a buyer or seller, keeping up with these changes is key to making informed decisions. Let’s break down the latest data:
Ada County Market Update:
New Listings: 251 (-2%)
Average Listing Price: $642,284 (-9%)
Average Sold Price: $571,438 (-11%)
Homes Sold: 198 (+3%)
Total Active Listings: 1,993 (-7%)
Total Pending Listings: 223 (+9%)
Months of Inventory: 2.4 (-8%)
In Ada County, we're seeing a slight decrease in both new listings and listing prices. However, with pending listings up by 9% and homes sold increasing by 3%, buyer activity is strong. This suggests that while prices may be softening, demand is still high as homes are moving quickly.
Canyon County Market Update:
New Listings: 121 (-1%)
Average Listing Price: $526,807 (-3%)
Average Sold Price: $476,913 (+4%)
Homes Sold: 110 (-12%)
Total Active Listings: 1,144 (-5%)
Total Pending Listings: 113 (+40%)
Months of Inventory: 2.6 (-5%)
In Canyon County, there’s a notable 40% increase in pending listings, indicating strong buyer interest despite a drop in new listings and a 12% decrease in homes sold. However, with a 4% rise in sold prices, sellers in Canyon County are still benefiting from competitive pricing.
What This Means for You:
For Buyers: With prices softening in both counties, it could be a good time to explore your options, especially with increased inventory in Ada County.
For Sellers: The increase in pending listings shows strong demand—if you're thinking about selling, the market is still active with buyers ready to make moves.
Ready to Make Your Move?
Navigating these market changes can be tricky, whether you’re buying or selling. House of Palmer | Real Estate is here to help you make the best decisions based on your real estate goals. Reach out for expert advice, and let’s discuss your next steps!
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