A MARKET TURN?

The story of Ada County real estate for the last five years has been consistent: Increased sales (from 11,316 units in 2016 to 12,710 units in 2020) in the face of decreased inventory (starting at 1,784 units at the beginning of 2016 to only 379 units at the end of 2020).

January of this year began with 379 housing units available for sale and ended with 323 units, still consistent with the recent past.  However, unit sales during the month of January decreased by 24% over those of last January, the first decrease in same month sales in many years. 

For the future: Let’s keep an eye on inventory and sales in the next several months to see if this trend continues.

For the past: Ask your Group One Sotheby’s International Realty agent for our 2020 annual housing report to be issued February 15.

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