March 2015 Treasure Valley Real Estate Report
March 2015 is the strongest March we’ve had since 2007. Single-family home sales in March 2015 were 694 in Ada County. YTD total sales are up 14% compared to this time last year; 1,630 homes sold compared to $1,425.
Days on Market for March were 65. That’s slightly down from February and we see it continue to hover around the same number the past few months.
New homes sold in March totaled 134; Existing home sales were 560.
March median home price was $222,000. Our YTD Median Price is $222,700.
New Homes Median Price for March was $282,402. Existing Home Median Price for March was $210,000.
Pending sales at the end of March were 1,208.
In Ada County we now have 3.6 months of inventory on hand, a very slight increase from February, but we can use it as we go into the Spring selling season.
March was strong in both sales and median home price, this should continue into the summer.
On the National level Existing-Home Sales spike in March. NAR Study: Boomerang Buyers Expected to Boost Housing Demand
Looks like we are gearing up for an interesting summer.