May 2021 Market Update for Coeur d'Alene and Surrounding Areas. Based on previously owned properties.
393 Homes Sold in May
Average Sales Price $631,592
644 Homes Were Listed For Sale
Average Days on Market: 53
Inventory Was Down 61.5% Compared to May 2020
Sellers Are Receiving An Average of 101.2% of Their List Price.
Here is a graph from the Coeur d'Alene MLS. It shows our inventory from 2019 to May 2021.
Inventory of homes
May 2019 we had 1248 homes listed for sale.
May 2020 we had 988 homes listed for sale.
May 2021 we had 475 homes listed for sale.
Using the simple supply and demand logic combined with historic low interest rates and a large influx of people moving to the area, it has caused home prices to skyrocket. Home values have increased an average of 61.5% since May 2020.
For more information on the Coeur d'Alene real estate market, please contact me directly.
Laurel Jonas
Northwest Realty Group
208-758-9000
208HomesForSale@gmail.com
