ADA COUNTY HIGHLIGHT REEL
MEDIAN SALES PRICE (MSP) —
A home built in 2019 sold for $3.7 million in December 2023, positively weighing the year-over-year scales.
We haven’t seen the MSP dip below $517,000 since December 2022 — a $13K decrease compared to November 2023.
HOMES SOLD —
Recent slow-downs in pending contracts caught up to sales in December 2023, slipping in all three sectors year-over-year.
PENDING SALES —
In addition to higher sales, new construction saw the biggest bump in signed contracts in December 2023.
INVENTORY —
Inventory dwindled across the board this month, leaving Ada County at a deficit for demand which is evident in this month’s Months’ Supply of Inventory (MSI).
Just three months ago (September), we were at nearly double the current inventory for resale.
DAYS ON MARKET —
Homes that sold for $200,000-$400,000 sold at an average of 30 days versus 41 days for $1,000,000+ homes.
A MESSAGE FROM BRR’S PRESIDENT —
“This month’s changes in Median Sales Price have shown the impact that higher-dollar sales can have on the market’s perception. Knowing what is selling and when can help us see a clearer picture of what the market is doing.” – Elizabeth Hume, Boise Regional REALTORS® 2024 President