May 2022 CDA Area Real Estate Market Update

464 Homes were listed May 2022

245 Homes Sold last month

Average Sales Price $764,366

Average Days on Market: 43

Last Month We Had 1.8 Months of Inventory. This is up 100% compared to May 2021.

Sellers Are Receiving An Average of 100.9% Of Their List Price.

* These stats are based on previously owned properties in Kootenai County

 

We are currently still considered a seller's market but we are seeing some shifts in the market. More and more homes are coming on the market meaning sellers have more competition and will need to be priced accordingly to successfully sell. With word of further interest rate hikes coming, if you're thinking of selling your home now is your chance while the market is still favoring sellers. 

 

Laurel Jonas- REALTOR®

Northwest Realty Group

2022 N. Government Way Coeur d'Alene, ID 83814

208-758-9000

208homesforsale@gmail.com

208homesforsale.com