Home Prices in Ada County ID for November 2013
Real estate market data for Meridian, ID provided by Eric Jensen Smart Agents Real Estate Company.
Ada County Home Prices
The median price of a home in Ada county for the month of November 2013 sits at $205,700. It was a minor drop from last months median, most likely caused by the seasonal slowdown of the market for the holidays. Even with the small drop we are looking at an astounding 17% increase in Median price for the year. So what does this mean for you? Well if your a seller your probably no longer underwater so if you have been sitting tight 2014 might be your year. If you are a buyer the good news is rates are still historically low and inventory has finally begun to catch up which means not as many multiple offer situations.
If you are interested in how much current inventory is on the market in Ada County you can find that information by clicking on the link. Inventory is going to be the key for 2014, I think we will see it climb as everyone who has been waiting to sell figures out they can do it now and not at a loss. This will in turn slow the appreciation to a more moderate 3-5% for 2014. The one question on everyones mind is what will rates do? For that we will just need to watch and hold on.
Ada County Real Estate Report Summary
Single family home sales in November 2013 were 548 in Ada County, a decrease of 3.3% compared to November 2012.
Year-to-date sales are 7,385; up 14% over 2012 YTD sales of 6,471.
Dollar volume for November was up 9.5% to $131 million and YTD we are just over $1.7 billion in sales.
Of the total sales in November, 10% were distressed; up 1% from last month. In November 2012, 24% of sales were distressed.
Find Homes for Sale in Ada County ID
Visit my website to search for homes in Ada County or to be notified when Ada County homes come on the market.
To find out what you home is worth in the current market Visit our Market Analysis page or call 208-841-4283.