An overview of the market with the Cd’A Real Estate Agents Association
As the northern Idaho real estate market remains competitive, new data provided by the Coeur d’Alene Association of Realtors indicates more opportunities for those looking for housing.
“We are seeing positive signs for home buyers as the past few months have shown modest and continued improvement in available inventory,” said Kristin Johnson, president of the Coeur d’Alene Association of Realtors. “In a competitive market like this, buyers need all the perks they can get, and working with a real estate agent to make the best offer to buy is a smart move.”
The past five months have shown a continued increase in our existing inventory in Kootenai County, according to CDA Multiple Listing Service (MLS) data and shared with the press courtesy of Sarah Kestler, Director of Communications and Events for the Coeur d’Alene Association of Real Estate Agents.
Key statistics for July 2021:
• Current active residential listings – 506.
• Days on Market – 78 (a decrease of 20.4% from July 2020).
• Median selling price of homes sold – $ 460,000 (a 37.3% increase from July 2020).
• New residential construction closures for the month – 82 units versus 120 units in 2020 (a decrease of 31.7%).
* Data as of August 11, 2021.
Year to date for July 2021. Site built homes on less than 2 acres.
About the Coeur d’Alene Real Estate Agents Association
The organization provides valuable resources and services to homebuyers, sellers and professionals working in the industry. This includes MLS services for members, as well as community outreach / volunteer efforts, promoting the advancement of education for its members, and analyzing and advising on changing market trends. .
Real estate agents also adhere to a strict code of ethics in their professional practices, which, together with specific and in-depth expertise / training in the real estate industry, offers significant value to buyers and sellers, especially in a busy market.
Find a local real estate agent and learn more about the local market by visiting the Coeur d’Alene Real Estate Association’s website at CdaRealtors.com. You can also review the full code of ethics, as well as information on what sets a real estate agent apart from other professionals in the field. You can also call 208-667-0664 for more information.
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Let us know about neighborhoods and remarkable developments that we could feature in an upcoming neighborhood of the week. Contact Tyler Wilson at [email protected]
Realtors, enjoy the Neighborhood of the Week by submitting your featured area suggestions, including sites outside of the normal Coeur d’Alene, Post Falls, and Hayden boundaries.