ACAR housing stats for January 2015

Published February 15, 2015

Building on an encouraging 2014 market, January’s statistics show promise for the new year. In comparison to December, January’s total pending sales increased 17.9%. Yet total homes sold in January fell to 425 from December’s 597. However, this may directly correlate with the near $10,000 increase in median price from $214,000 to $223,900. Following previous years’ patterns after the holiday season, the Months of Available Inventory jumped from 3.5 in December to 4.5 in January. Here is a succinct overview of the January Ada County statistics:

• 425 Homes sold in January 2015
• $223,900 in the Median Home Price
• 4.5 months of Available Inventory
• 70 Days on the Market is the average