Treasure Valley Market Update: June 9 - June 15

This week we're diving deeper into the numbers behind Ada and Canyon County's real estate stats and what they really mean for you—whether you're buying, selling, investing, or renting.

🏡 ADA COUNTY

• New Listings: 337 (Down 15%) Fewer homes hit the market this week, tightening inventory. For buyers, that means more competition. Sellers, this could be your moment to stand out!

• Average Listing Price: $720,027 (Down 1%) Slight dip in list prices suggests sellers may be adjusting to market feedback. Buyers could find better value right now.

• Average Sold Price: $651,575 (Down 1%) Price reductions indicate buyers are negotiating successfully. A great time for serious buyers to get in.

• Total Sold: 207 (Up 5%) Homes are still moving! A 5% increase in sales shows continued buyer demand.

• Total Active Listings: 2,389 (Up 2%) A healthy amount of inventory gives buyers options, while sellers still benefit from motivated buyers.

• Total Pending: 232 (Down 4%) Slight slowdown in homes under contract. This could reflect a weekend dip or buyer hesitation. Stay informed if you're planning to list.

• Months of Inventory: 3.2 (Down 3%) This reflects how long it would take to sell all current homes at the current pace. Still a balanced market with a slight lean toward sellers.

🏡 CANYON COUNTY

• New Listings: 160 (Up 1%) Slight uptick in listings means more opportunity for buyers, especially in entry- and mid-level price ranges.

• Average Listing Price: $545,412 (Up 1%) Steady increases suggest continued confidence among sellers.

• Average Sold Price: $519,413 (Up 8%) Big jump here! Sellers are closing at higher prices, meaning well-prepped homes are getting great offers.

• Total Sold: 119 (Up 2%) Homes are moving quickly in Canyon County, proving it's still a hotspot for buyers.

• Total Active Listings: 1,190 (Down 3%) Inventory dropped slightly, making it even more important for buyers to act fast.

• Total Pending: 96 (Down 18%) A sharp dip in pending listings could reflect weekend lulls, buyer fatigue, or upcoming rate changes. Worth watching closely.

• Months of Inventory: 2.9 (Down 4%) Tighter inventory creates urgency. This remains a strong market for sellers.

🚀 What This Means For You

• Buyers: There are still great opportunities to negotiate and find value, especially in Ada County where listing prices dipped.

• Sellers: With fewer listings coming on, your home can shine! Price strategically to stand out.

• Investors: Watch sold prices, especially in Canyon County—value is rising fast and competition is strong.

• Renters: Low inventory often pressures rental markets. Thinking of buying? Now may be the time to explore your options before competition ramps up.

Looking to talk more about these trends? I'm here to help you plan your next move—whether that’s buying, selling, or strategizing for the future.

Need help navigating your next step? Whether you're buying, selling, investing, or looking to rent, Nina Palmer is here to guide you every step of the way.