As Autumn unfolds, the real estate landscape in Ada and Canyon County experiences subtle shifts, but this last week we saw some big percentages. In our latest blog covering November 6-12, 2023, we'll unravel the data and explore the evolving trends in both counties and other notable areas with our newest market update.
Ada County:
New Listings: 193 new listings, a 16% decrease, suggesting a seasonal slowdown.
Average Price: $704,106, a 3% increase, showcasing stability and potential seller confidence.
Average Sold Price: $553,974, a 7% decrease, indicating adjustments in the market.
Homes Sold: 113 sold, a 39% decrease, possibly due to seasonal factors.
Active Listings: 1693 active listings, a 1% decrease, maintaining a balanced inventory.
Pending Listings: 151 pending listings, an 8% increase, hinting at future market activity.
Inventory: Steady at 2.3 months, signaling a balanced market.
Canyon County:
New Listings: 117 new listings, a 4% decrease, aligning with seasonal trends.
Average Price: $465,461, a 3% increase, showcasing stability.
Average Sold Price: $456,126, a 4% decrease, reflecting adjustments.
Homes Sold: 53 sold, a 42% decrease, influenced by seasonal patterns.
Active Listings: 915 active listings, a 4% increase, maintaining a balanced inventory.
Pending Listings: 70 pending listings, a significant 27% increase, indicating upcoming activity.
Inventory: Steady at 2.3 months, maintaining equilibrium.
Other Areas:
In Valley, Elmore, Bonneville, Bingham, Bannock, and Madison, market dynamics may vary. Stay tuned for in-depth insights.
As the year winds down, the real estate market in Ada and Canyon County shows resilience. While new listings and sales may dip seasonally, stability in prices and inventory provides a foundation for confident transactions. For personalized guidance in navigating the evolving market, contact House Of Palmer. Stay informed, stay empowered.
