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Unbelievable Interest Rates
A New Kind of “Hot” Housing Market
THE NEW ERA OF REAL ESTATE
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Source: Mortgage News Daily
Key Market Indicators – May Recap
The Ada County housing market is hot, but it looks different than it traditionally does. Though the number of new resale listings and the remaining unsold listings have decreased compared to last year (down 15 and nine percent respectively), homes going under contract are beginning a road to recovery and are only down four percent.
Buyers are eagerly waiting for each home to come on the market, with increased focus on each new listing priced up to $750,000. In this range, where 95 percent of sales take place, inventory ranges from extreme shortage to severe shortage and sales activity intensity ranges from surge to extreme frenzy.
Average % of
New Listings (Pending)
in the First 30 Days
As technology and trends evolve, we’ve seen a new era of real estate arrive: one that is focused on everything video live. John L. Scott brokers and agents employ a range of video-focused technology to provide stellar service to buyer and seller clients.
From video calls to showcasing your home to prospective buyers, the focus on video is here to stay in real estate!
Ada County Housing Update - Resale Only
SCALE: MONTHS SUPPLY