Tagged : Housing Market

Found 36 blog entries tagged as "Housing Market".

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.

Ada County

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A look back at the Treasure Valley Housing Market
Photo Credit: iStock.com/RCKeller

With January heralding the new year and decade with spring buying season-like activity, what would February bring? Like January, inventory continues to be in short supply as demand is outpacing available supply. When compared to February of 2019, prices in Ada County saw roughly an 11% increase. Canyon County saw a nearly 16% increase year-over-year.

The good news, for those looking to buy a home in Ada County, property values remained relatively flat in comparison to the previous month. Canyon County, on the other hand, saw a modest 3.5% increase in the median price for homes sold in February.

While we haven't officially entered the spring buying season, indications are still pointing toward the market being

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