Interest Rates: The national average 30-year fixed-rate mortgage experienced a notable decrease, dropping by 0.28% to reach 6.67%. This marks a substantial reduction from the 7.8% rate observed just about six weeks ago. Demand: Thus far, the recent decrease in interest rates hasn’t prompted a surge in demand. Ordinarily, it takes 2-3 weeks for shifts in interest rates to manifest in corresponding changes in demand. Considering the timing amidst the holiday season, it might be early January before we witness any notable impact on demand. Presently, the most recent week of pending sales maintai ..read more

Introduction: Nestled in the scenic landscape of Eagle, Idaho, a new chapter in residential living is set to unfold with the unveiling of Wildernest River Subdivision. This eagerly anticipated development, adjacent to the esteemed Williamson River Ranch, promises a harmonious blend of natural beauty and contemporary living. As the preliminary plat submission to the City of Eagle on December 5, 2023, marks a significant milestone, let’s delve into what makes Wildernest River Subdivision a captivating prospect for those seeking an idyllic community in the heart of Idaho. Exploring Eagle, Idaho ..read more

Demand: In the most recent week, a total of 124 homes moved into the pending status. This comprised 48 new construction properties (down from 62) and 76 resale homes (up from 68). Supply: The supply of homes for sale continued to decline with 1,182 available. This inventory includes 383 completed new construction homes, 217 homes currently under construction, and 582 resale properties. Inventory Rate: The overall inventory rate for Ada County stands at 2.2 months, maintaining a stable level. Breaking it down further, the new construction segment has an inventory rate of 2.9 months, slightly ..read more

Demand: In the most recent week, a total of 130 homes moved into the pending status. This comprised 62 newly constructed properties and 68 resale homes, indicating a steady level of demand. Supply: The supply of homes for sale continued its modest declining trend, with 1,217 homes available. This inventory includes 351 completed new construction homes (a slight decrease from 355), 232 homes currently under construction (slightly up from 224), and 634 resale properties (down from 677). Inventory Rate: The overall inventory rate for Ada County stands at 2.2 months, marking the strongest rate i ..read more

Demand: Due to Thanksgiving week, the real estate market experienced an expected slowdown in demand. A total of 101 homes moved into the pending status, with 41 new construction properties and 60 resale homes. The decrease in activity is expected given the holiday period, where many potential buyers may have been focused on celebrations and gatherings. Supply: There were 1,256 homes available for sale, showcasing a modest decrease from the preceding week’s inventory of 1290. This inventory comprises 355 completed new construction homes (down from 362), 224 homes currently under construction ..read more

Wishing you and your family a wonderful Thanksgiving! Demand: During the past week, the Ada County real estate market continued to showcase stable demand. A total of 130 homes moved into the pending status, reflecting a slight increase from the previous week. The composition of these pending homes includes 40 newly constructed properties and 90 resale homes. Supply: As of the most recent data, there are 1,290 homes available for sale, marking a slight decrease from the preceding week’s inventory. The breakdown of these listings includes 362 completed new construction homes, 220 homes current ..read more

Demand: Over the last week, 128 homes moved to the pending status, maintaining a demand level similar to the previous week. This included 40 newly constructed homes and 88 resale properties. Supply: The supply of homes for sale is gradually diminishing as we advance into the fall season. Last week, there were 1,312 homes available for sale, showing a modest decrease from the previous week’s inventory of 1,324 and the count of 1,348 the week before. Among these listings, there are 330 completed new construction homes (up from 324), 257 homes under construction (an increase from 230), and 725 r ..read more

Buyer Demand: Last week, there were 127 homes that went pending for sale, reflecting a level of activity closely mirroring the patterns of the previous six weeks. Historically, November typically sees a decline in pending sales (with 2021 being a rare exception), with the period between holidays being the least active. Of the 127 pending sales, 39 were new construction (a decrease from the previous 44), and 88 were resales (an increase from the prior week’s 80). Supply: There were 1324 homes available for sale, showing a slight decrease from the previous 1348. Out of this inventory, 324 were ..read more

Buyer Demand: Buyer demand remains consistent with the same period last year. In the past week, a total of 124 homes went pending, comprising 44 new construction properties and 80 resale homes. Homes for Sale: The available homes for sale have seen a marginal increase, totaling 1,348. Among these, there are 330 newly completed new-construction homes (up from 321), 215 under-construction properties (up from 213), and 803 resale homes (up from 797). Inventory Rate: The inventory rate is a crucial metric for gauging market supply and demand dynamics. In the previous week, the inventory rate sto ..read more

Buyer Demand: Last week, 138 homes went pending, showing an increase from the previous week’s 129. Among these, 44 were new construction properties, while 94 were resales. Supply of Homes: The number of homes for sale remained steady, with a total of 1,331 homes available last week. Among these, 321 were completed new construction homes, 213 were under construction, and 797 were resales. Historical Comparison To provide a broader perspective on the available supply of homes, the second graph illustrates the total number of homes for sale since May 2006. Back in 2006, two years prior to the G ..read more