Treasure Valley Market Update: August 11–17

contentbynani
Aug 19
2 min read

The latest numbers are in for Ada and Canyon County, and the market continues to shift as summer winds down. Here’s what’s happening this week:

📊 Ada County Highlights

New Listings: 300 (+2%) – A small uptick in new homes hitting the market.
Average Listing Price: $722,431 (⬆ 7%) – Prices climbed notably this week.
Average Sold Price: $653,056 (⬆ 1%) – Homes are closing slightly higher than last week.
Homes Sold: 212 (⬆ 3%) – A modest rise in sales activity.
Total Active Listings: 2,448 (⬆ 2%) – Inventory is growing, giving buyers more options.
Pending Sales: 226 (⬇ 1%) – A slight dip in pending contracts.
Months of Inventory: 2.8 (➝ 0%) – Supply remains steady compared to last week.

📌 Takeaway: Ada County saw higher listing and sold prices paired with stable inventory, signaling continued demand even as pending contracts slowed slightly.

📊 Canyon County Highlights

New Listings: 176 (+27%) – A significant jump in homes coming on the market.
Average Listing Price: $504,635 (⬇ 3%) – Prices dipped, offering buyers more affordable options.
Average Sold Price: $474,320 (⬇ 1%) – Closed prices also slipped slightly.
Homes Sold: 97 (+1%) – Sales activity held steady.
Total Active Listings: 1,252 (⬆ 4%) – Inventory continues to grow here as well.
Pending Sales: 107 (➝ 0%) – No major change in pending contracts.
Months of Inventory: 2.7 (⬆ 4%) – Supply increased, which may give buyers breathing room.

📌 Takeaway: Canyon County saw a surge in new listings, but prices softened, giving buyers a better opportunity to find the right home.

✅ What This Means for Buyers & Sellers

For Buyers: More homes are available across the valley, and prices in Canyon County are slightly more approachable this week.
For Sellers: Ada County homes are commanding higher listing and sold prices, while Canyon County sellers may need to stay competitive with pricing as inventory grows.

💬 Thinking of making a move? Whether you’re buying or selling, understanding weekly shifts in the Treasure Valley market helps you stay one step ahead.

📲 Reach out to our team at House of Palmer / Better Homes & Gardens 43° North for personalized guidance.