January 2015 Treasure Valley Real Estate Report

Single-family sales in January 2015 were 425 in Ada County, an increase of 1.67% compared to January 2014.

Dollar volume for January was up 9% to $107 million.

If you feel a slight Deja vu that’s because Days on Market are at 70, same as January 2014. In December we were at 66.

New Homes Sold in January totaled 104; up 3% from last year. Existing Home Sales were 321; up from 1% from last year.

Pending sales at the end of January 867; up from January 2014.

January median home price was $223,900 up 8% from January 2014.

New Homes median home price for January was $313,773; up 13% from January 2014.

For Existing homes the increase is 4% to $198,000.

In Ada County we now have 3.7 months of inventory on hand. Up just a little from the end of December.

A look at National shows despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months.