ACAR housing stats for December 2014

Published January 23, 2015

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/