Boise Realtor, Ava Tong, shares the October 2023 Market Report for the Idaho Treasure Valley.

ADA COUNTY HIGHLIGHT REEL

MEDIAN SALES PRICE

  • New construction led the charge in many ways this month, including in month-over-month changes for Median Sales Price (MSP) — up $34,600 compared to last month.
  • Resale’s MSP took a break after last month’s increases.

PENDING SALES

  • While inventory grew, so did pending contracts for new construction (first month-over-month gain since Jun 2023).
  • Existing/resale saw its slimmest year-over-year slip since February 2022, averaging at -22.9%.

INVENTORY

  • Single-family inventory dipped, month-over-month, for the first time since February 2023.
  • New construction options continued to grow, month-over-month.

DAYS ON MARKET

  • Existing home’s Days on Market remained steady this month while new construction rebounded to a similar pace we saw in May to July this year.
Ada County Real Estate Market Stats

Tagged with:

Filed under: Boise Real Estate

Like this post? Subscribe to my RSS feed and get loads more!