November Market Report

ADA COUNTY

Median Sales Price ($)

Higher mortgage rates in early Nov may have catalyzed lower prices for the month.

Days on Market

In Nov, the homes that sold for less than $500k spent an average of 13 fewer days on market than those that sold for more.

Inventory

Existing/resale saw the greatest shrink in options, slipping from 825 available properties to 656.

CANYON COUNTY

Median Sales Price ($)

The price gap between new construction and existing homes has continued to diminish. In Nov 2022, the difference was approximately $120k but now sits at approximately $31k.

Days on Market

This month was another historically speedier month when juxtaposed against the previous year. For example, single-family homes spent an average of 17 less Days on Market than in Nov 2022.

Inventory

While there was a dip in inventory for all sectors aside from new construction, the MSI (below) remained the same compared to last month, showing supply and demand remained steady.

Provided by Boise Regional REALTORS® | Data from the Intermountain MLS