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ACAR housing stats for December 2014

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There are several statistics to cheer about when reviewing year 2014 in Ada County. First, the median home price increased to $210,000, compared to $198,000 in 2013. Second, December “Pending Sales” were up 4% over December 2013 figures, which is one of the best indicators in looking at the upcoming months. Lastly, total dollar volume for 2014 was $1.91B compared to $1.85B in 2013. We fell a little short in overall number of homes sold: 7,764 homes in 2014 compared to 7,964 in 2013. The 3.5 months of available inventory has been consistent for nearly six months. Overall, most everyone would agree that 2014 was a good year as the market continues to heal in all price points. The increase in the median price points offsets the slight decrease in homes sold. Here is a brief overview of the December Ada County statistics:

  • 597 Homes sold in December 2014
  • $214,000 is the Median Home Price
  • 3.5 months of Available Inventory
  • 66 Days on Market is the Average

For more statistical information, please see: http://myacar.com/december-market-report-fun/

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