The pitter-patter of rain on your windowpane. Leaves dressing up in shades of amber and gold. It's the unmistakable symphony of Fall, and it brings with it not just cooler temperatures but also intriguing developments in the real estate market.
Today's Mortgage Rates:
For those considering a new home or looking to refinance in this ever-changing market, today's mortgage rates are a key consideration. Here are the current rates to help you make informed decisions as you navigate the real estate landscape in the Treasure Valley.
Ada County: Navigating Change
Let's start with Ada County, where the real estate landscape has seen notable shifts. We've witnessed the arrival of 229 new listings, a solid 10% increase. While the average listing price has dipped by 5% to $865,210, the average sold price also saw an 8% decrease, settling at $596,839. Despite these fluctuations, the number of properties sold has surged, boasting a remarkable 38% increase with 184 homes finding new owners. Currently, there are 1,707 active listings, a slight 2% decrease, and 140 pending, down 3%. This translates to a 2.3-month inventory, a figure that showcases a delicate balance in this market.
Canyon County: A Tale of Growth
Crossing over to Canyon County, we find a thriving market landscape. The region has seen 122 new listings, an impressive 14% increase. The average listing price rests at $453,822, and the average sold price is $480,456. This week has witnessed 91 homes changing hands, marking an 8% increase. The number of active listings stands at 881, reflecting a 4% growth. However, there are 55 pending sales, down 19%, and the market's inventory has experienced a slight 3% increase to reach a 2.2-month supply.
Beyond Ada and Canyon: A Broader View
Our market update extends beyond Ada and Canyon counties. In other areas such as Valley, Elmore, Bonneville, Bingham, Bannock, and Madison, real estate stories are also unfolding.
As Fall continues to paint our surroundings with its signature charm, it's a dynamic time in the real estate world. Whether you're considering a move or just staying in the know, these market statistics offer valuable insights. Feel free to reach out for a more detailed analysis of the real estate landscape in your area. Your journey through this season of change starts here.
