Why Now is a Great Time to Buy: March 3-9 Market Update

The Treasure Valley real estate market continues to show strong activity, and for those thinking about buying, selling, or investing, the numbers indicate promising opportunities.

At House of Palmer, we’re committed to keeping you informed so you can make the best decisions for your real estate goals. Let’s break down this week’s trends and why now is an excellent time to consider buying a home.

Ada County Market Overview

• New Listings: 360 (⬆ 20%)

• Average Listing Price: $698,294 (⬆ 6%)

• Average Sold Price: $644,100 (⬆ 3%)

• Total Homes Sold: 166 (⬇ 18%)

• Active Listings: 1,590 (⬆ 6%)

• Pending Sales: 214 (⬆ 18%)

• Months of Inventory: 2.2 (⬆ 6%)

  
  

📌 Key Takeaway: With an increase in active listings and pending sales, the market is picking up. This means more options for buyers while sellers are still seeing strong offers. The steady rise in sold prices shows home values remain strong, making it a solid time to invest in a home before the summer rush.

Canyon County Market Overview

• New Listings: 188 (⬇ 6%)

• Average Listing Price: $562,668 (⬆ 8%)

• Average Sold Price: $509,145 (⬆ 10%)

• Total Homes Sold: 86 (⬇ 29%)

• Active Listings: 1,008 (⬆ 6%)

• Pending Sales: 128 (⬆ 12%)

• Months of Inventory: 2.6 (⬆ 6%)

  
  

📌 Key Takeaway: Home values are on the rise, but with more inventory available, buyers have a great chance to find the right home at the right price. If you’re thinking about buying, now is the time to lock in before prices increase further.

What This Means for You

🔹 For Buyers: More listings and rising pending sales mean increased choices and competitive pricing. Interest rates are still manageable, and getting in before the peak season could help you avoid bidding wars.

🔹 For Sellers: Home prices are holding steady, and well-prepared listings are selling quickly. If you’re considering selling, making strategic updates and pricing correctly can help your home stand out.

🔹 For Investors: A growing inventory means more opportunities to find rental or flip properties before demand spikes in the summer. Higher rental demand also makes now an excellent time to secure a long-term investment.

🔹 For Renters: With home prices rising, buying may actually be more affordable than renting long-term. If you’ve been considering homeownership, let’s discuss your options!

🏡 Thinking about making a move? Whether you’re looking to buy, sell, or invest, the team at House of Palmer is here to help. Let’s find the right opportunity for you in this dynamic market.

📩 Contact us today to explore your options and make the most of these market conditions!