September 2023
As you can see by the graph, home values have dipped since summer of 2022. This was mainly
due to the swift rise in interest rates. The number of recent closed properties have dropped by nearly 30% yet the average closed sales have increased an average of 1%. The average home’s days on market are just shy of 4% which is an increase of 18.2% from this time last year. Sellers are receiving an average of 97.6% of their list.
New Listings: 269 Up 11%
Pending sales: 202 Down 2.4%
Closed Sales: 172 Down 29.2%
Days on Market Until Sold: 75 Up 10.3%
Percent to List Price Received: 97.6% Up .9%
Months of Inventory: 3.9% Up 18.2%
Average Sales Price: $724,218 Up 1%
These statistics are based on Kootenai County Previously Owned Homes the month of September 2023.
If you are interested in buying or selling a home in North Idaho, please reach out. I would love to be of assistance.
Pending sales: 202 Down 2.4%
Closed Sales: 172 Down 29.2%
Days on Market Until Sold: 75 Up 10.3%
Percent to List Price Received: 97.6% Up .9%
Months of Inventory: 3.9% Up 18.2%
Average Sales Price: $724,218 Up 1%
These statistics are based on Kootenai County Previously Owned Homes the month of September 2023.
If you are interested in buying or selling a home in North Idaho, please reach out. I would love to be of assistance.
For questions on the market, please contact me.
Laurel Jonas
208-758-9000
208homesforsale@gmail.com
