Market Updates

May 17, 2022

What Everyone Wants To Know: Will Home Prices Decline in 2022?

will homes prices decline in 2022

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to ...

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Posted in Market Updates
April 5, 2022

March 2022 Coeur d'Alene Area Real Estate Market Update

March 2022 Coeur d'Alene Area Market Update

New Listings- 483 down 14.4%

Average Sales Price- $650,239 up 8.5%

Sold Properties- 301 down 18.4%

Average Days on Market- 57 down 1.7%

Percentage to list price- 100.6% down 1.7%

Months Supply- .8 up 14.3%

Stats are compared to March 2021 previously ...

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Posted in Market Updates
March 3, 2022

February 2022 Coeur d'Alene Area Real Estate Market Update

February 2022 Coeur d'Alene Area Real Estate Market Update

New listings are down from 293 last February to 227 last month. Pending sales are also down approx. 22.4%. This isn't welcoming news to an already low inventory market.

 

Our current inventory supply is a just half a months worth. A healthy market is 6 months. This ...

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Posted in Market Updates
Feb. 7, 2022

Coeur d'Alene Area Real Estate Market Update January 2021

Coeur d'Alene Area Real Estate Market Update January 2021

155 properties were listed for sale. That is down 24% compared to January 2021.

147 properties sold in January

Average Days on Market in January was 81 wish is an increase of 42%

Sellers received an average of 99% of the list price

.3 months of inventory in January

The ...

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Posted in Market Updates
Jan. 12, 2022

December 2021 Coeur d'Alene Area Real Estate Market Update

December 2021 CDA Area Real Estate Market Upate

164 properties were listed for sale. That is down 21.5% since last December.

356 properties sold in the month of December

Average Days on Market in November was 77. That's an increase of 1.3% compared to December 2020.

Sellers received an average of 98.8% of the ...

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Posted in Market Updates
Dec. 20, 2021

Supply and Demand in today's market

supply and demand in today's market

The law of supply and demand explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices ...

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Posted in Market Updates
Dec. 7, 2021

November 2021 Coeur d'Alene Area Real Estate Market Update

November 2021 Coeur d'Alene Area Real Estate Market

168 properties were listed for sale. That is down 13.8% compared to November 2020.

250 properties sold in the month of November

Average Days on Market in November was 62

Sellers received an average of 99% of the list price

.8 months of inventory in November

The average sales ...

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Posted in Market Updates
Nov. 3, 2021

October 2021 Coeur d'Alene Real Estate Market Update

October 2021 Coeur d'Alene Real Estate Market Update

365 Homes Sold in October
Average Sales Price $643,997
371 Homes Were Listed For Sale in October
Average Days on Market: 65
Last Month We Had 1.2 Months of Inventory.
Sellers Are Receiving An Average of 98.2% Of Their List Price.
These stats are based on previously ...

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Posted in Market Updates
Oct. 6, 2021

September 2021 Coeur d'Alene Area Real Estate Market Update

Sept 2021 Coeur d'Alene Area Real Estate Market Update

284 Homes Sold in September
Average Sales Price $833,657
354 Homes Were Listed For Sale in September
Average Days on Market: 59
Last Month We Had 1.3 Months of Inventory.
Sellers Are Receiving An Average of 99.5% Of Their List Price.
These stats are based on previously ...

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Posted in Market Updates
Sept. 7, 2021

August 2021 Coeur d'Alene Area Real Estate Market Update

August 2021 Coeur d'Alene Area Real Estate Market Update

294 Homes Sold in August

Average Sales Price $711,142.

385 Homes Were Listed For Sale in  August

Average Days on Market: 54

Last Month We Had 1.3 Months of Inventory.

Sellers Are Receiving An Average of 99.6% Of Their List Price.

 

For the first time in ...

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Posted in Market Updates