Buyers are out, and I have had several homes receive and accept offers in the past few weeks. But even with that said, I do not see home prices appreciating at this time. Actually it is probably the sign of a healthy market, homes selling but not going crazy. It is important to price homes properly to have them sell n a timely manner.
Sales Volume in February 2013 Vs February 2014 and Change
Ada 468 422 -9.8%
Canyon 181 178 -1.6%
Other county to county comparisons: Ada Canyon
Average Days on Market 66 69
Percent of Market in New Home Listings 36% 37.3%
Year to Year Change in Active Listings +23.1% +34%
Change in Number of Sales from January +11% -8.7%
Median prices in both counties took approximately a 4% decline from January to February. Ada County's median is now at $208,1000 and Canyon sits at $125,000.
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