Real Estate News

Single-family sales in January 2015 were 425 in Ada County, an increase of 1.67% compared to January 2014. Dollar volume for January was up 9% to $107 million. If you feel a slight deja vu that’s because Days on Market are at 70, same as January 2014. In December we were at 66. New Homes Sold in January totaled 104; up 3% from last year. Existing Home Sales were 321; up from 1% from last year. Pending sales at the end of January 867; up from January 2014. January median home price was $223,900 up 8% from January 2014. New Homes median home price for January was $313,773; up 13% from January 2014. For Existing homes the increase is 4% to $198,000. In Ada County we now have 3.7 months of inventory on hand. Up just a little from the end of December. A look at National shows despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months.