SEP 2021 Market Report
- The median sales price for both existing/resale and new construction homes in Ada County moved to $534,950 in September 2021, marking a slight 0.8% increase over August when the median sales price was $530,500.
- September marked the sixth consecutive month of inventory growth. The 1,249 homes available for sale at the end of the month was an 11.1% increase from August and a 165.7% increase compared to September 2020.
- The average number of days between when existing homes were listed for sale and an offer was accepted increased to 17 days, 21.4% longer than the 14 days we saw in August 2021.
- Months Supply of Inventory (MSI) is continuing to trend up with the increased inventory and slightly slower pace, reaching 1.5 months in September. With that said, Ada County is still not in the 4-6 month range of supply which is typically considered a balanced market.
Data from Boise Regional REALTORS® (BRR) and the Intermountain MLS (IMLS) as of 10/12/2021. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance.
Have questions? Contact ESCO Real Estate at 208.724.4649 or email.