The Intermountain MLS has released its Home Sales Reports for Ada and Canyon Counties for April, and as expected COVID-19, did affect home sales more dramatically in the month versus March. Interestingly, activity was still robust in Canyon County, with Ada County seeing a sizable decrease in transactions. These numbers are on-par with what a recent national report by Realtor.com discovered. For-sale listings plummeted nationally in April as a result of the pandemic. For the week that ended on May 2, total listings were down 19% year-over-year, and new listings were down 39%. The economists at Realtor.com believe the weekly declines are slowing as we start to move beyond the current situation.
Let’s dive into the numbers locally.