Weekly Market Update: Ada & Canyon Counties (Jan 27

Staying on top of real estate market trends is one of the best ways to make informed decisions when it comes to buying, selling, or investing.

Whether you’re a first-time buyer, a seasoned investor, or looking to sell, understanding the current market can give you the edge you need.

At House of Palmer | Real Estate, we’re here to provide you with the insights and guidance to navigate the Treasure Valley market with confidence. Let’s dive into this week’s highlights!

Ada County Market Highlights:

New Listings: 226 (↓ 13%)
Average Listing Price: $713,719 (↓ 2%)
Average Sold Price: $611,388 (↑ 4%)
Sold Listings: 162 (↑ 72%)
Months of Inventory: 1.9 (↔)

The numbers this week highlight a dynamic market in both Ada and Canyon counties. Ada County’s significant 72% rise in sold listings shows strong buyer activity, while the slight dip in new listings suggests less inventory entering the market, keeping demand high.

Canyon County Market Highlights:

New Listings: 124 (↓ 23%)
Average Listing Price: $530,229 (↓ 2%)
Average Sold Price: $472,053 (↔)
Sold Listings: 70 (↑ 30%)
Months of Inventory: 2.2 (↑ 3%)

Canyon County mirrors this trend, with a 30% jump in sold listings and stable prices, making it an attractive time for sellers. For buyers, acting swiftly in this competitive market is essential. These stats underline the importance of staying informed and making data-driven decisions in the Treasure Valley real estate landscape.

Market Analysis:

Ada and Canyon counties continue to show strong activity in the real estate market. Ada County saw a significant 72% jump in sold listings compared to the prior week, paired with a 4% increase in average sold prices. Canyon County followed suit with a 30% rise in sold listings, emphasizing robust buyer interest.

While new listings dipped in both counties, the steady or slightly increasing months of inventory signal a healthy balance between buyers and sellers. This trend highlights opportunities for both parties in today’s market.

What This Means for You:

Buyers: The upward trend in sold listings indicates growing competition. Now is the time to act swiftly and strategically when you find a property you love.
Sellers: With demand holding strong, it’s a prime opportunity to showcase your home and take advantage of motivated buyers in the market.

Ready to take the next step? Contact House of Palmer today to explore your real estate options. Whether you're buying, selling, or investing, we’re here to help you succeed in the Treasure Valley market. Let’s make your real estate goals a reality!

📞 Reach out today to schedule a consultation or visit House of Palmer for more insights and resources.

Let’s make your real estate dreams a reality this year! 🏡