Ada County:

Sales are up 9% from last month. Comparing this month to the same month last year there was a 7% decrease. Pending Sales (accepted offers) are down 6% from last month, and are up 6% from a year ago.

Inventory is down 3% from last month and 1% higher than last year at this time.

Average price of a home sold this month – $405,035. Comparing this month to last month there was a 4% increase. Comparing this month to the same month last year there was a 8% increase.

Median price of a home sold this month -$354,490. Comparing this month to last month there was a 2% increase. Comparing this month to the same month last year there was a 6% increase.

New Construction inventory – 782, down from 807 last month.

Resale inventory – 898, down from 919 last month.

Year to date homes sold totaled 7,784 down 2% from this time last year. Total homes sold in 2018 (11,599), 2017 (11,263), 2016 (11,048), 2015 (9,553), 2014 (7,963) 2013 (8,124), 2012, (7,155), 2011 (6,498), 2010 (6,172), 2009 (5,683), 2008 (5,154), 2007 (6,839), 2006 (10,399), 2005 (12,208), 1999 (5,892).

August:	2018	2019	Change
Homes for Sale	1,659	1,680	+1%
Homes Sold	1,143	1,062	-7%
Average Sold Price	$375,106	$405,035	+8%
Median Sold Price	$333,900	$354,490	+6%
Homes Sold Year-to-Date	7,938	7,784	-2%

(January through August)

Absorption Rate/Selling Odds = # of months to absorb current inventory based on prior months home sales

$1,000,000	8 months	$250K-$299K	1 months
$700K-$999K	4 months	$200K-$249K	0 months
$500K-$699K	3 months	$160K-$199K	0 months
$400K-$499K	2 months	$120K-$159K	none in inventory
$300K-$399K	2 months	$100K-$119K	none in inventory

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Canyon County:

Sales are up 6% from last month. Comparing this month to the same month last year there was a 8% increase. Pending Sales (accepted offers) are down 3% from last month, and are up 7% from a year ago.

Inventory is up 1% from last month, and 20% higher than last year at this time.

Average price of a home sold this month – $282,939 Comparing this month to last month there was a 2% increase. Comparing this month to the same month last year there was a 16% increase.

Median price of a home sold this month – $251,385. Comparing this month to last month there was a 1% increase. Comparing this month to the same month last year there was a 14% increase.

New Construction inventory – 315, down from 323 last month.

Resale inventory – 433, up from 414 last month.

Year to date homes sold totaled 3,635 up 3% from this time last year. Total homes sold in 2018 (5,155), 2017 (4,807), 2016 (4,542), 2015 (3,996), 2014 (3,471), 2013 (3,245), 2012(3,054), 2011 (3,283), 2010 (3,094), 2009 (2,646), 2008 (2,217), 2007 (3,315), 2006 (5,467) 2005 (6,090), 1999(2,272).

Canyon County Home Statistics

August:	2018	2019	Change
Homes for Sale	621	748	+20%
Homes Sold	502	544	+8%
Average Sold Price	$243,555	$282,939	+16%
Median Sold Price	$220,000	$251,385	+14%
Homes Sold Year-to-Date	3,543	3,635	+3%

(January through August)

Absorption Rate/Selling Odds = # of months to absorb current inventory based on prior months home sales

$1,000,000	20 months	$250K-$299K	2 months
$700K-$999K	14 months	$200K-$249K	1 months
$500K-$699K	5 months	$160K-$199K	0 months
$400K-$499K	3 months	$120K-$159K	0 months
$300K-$399K	3 months	$100K-$119K	0 months