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ACAR housing stats for January 2015

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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

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