May 2022
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$602,250
$459,995
Up 16.1% year over year Up 1.3% over last month
Up 12.6% year over year Down 3.5% over last month
Active Listing Inventory
Active Listing Inventory
1520
856
Up 166.7% year over year Up 53.4% over last month
Up 139.8% year over year Up 43.7% over last month
Average Days On Market
Average Days On Market
14
21
Up 27.3% year over year Down 12.5% over last month
Up 75.0% year over year Up 10.5% over last month
Closed Sales
Closed Sales
894
496
Down 5.8% year over year Up 9.7% over last month
Down 4.2% year over year Same as last month
Treasure Valley Market Report | May 2022
Monthly Median Sales Price Comparison May 2021/2022 – total $ shown in thousands
ADA COUNTY
$700
2021
2022
$600 $500 $400 $300 $200 $100 $0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY $500
2021
2022
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | May 2022
3
Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | May 2022
980
1,000
900
749
800
451
500
430
491
555
573
600
580
700
400 Boise
4
Eagle
Treasure Valley Market Report | May 2022
Meridian
Kuna
Star
Nampa
Caldwell Middleton
Active Residential Listings May 2022, month/year comparison
ADA COUNTY 2000 2019
1800
2020
2021
2022
1600 1400 1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY 1000 2019
900
2020
2021
2022
800 700 600 500 400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | May 2022
5
Active Listings by Price Range May 2022
ADA COUNTY $500-$699 35% $400-$499 18%
$700-$999 25%
$300-$399 2%
$1,000,000+ 20%
6
Treasure Valley Market Report | May 2022
Active Listings by Price Range May 2022
CANYON COUNTY $400-$499 35%
$500-$699 34% $300-$399 9%
$250-$299 0%
$1000000+ 10%
$700-$999 12%
Treasure Valley Market Report | May 2022
7
Residential Closed Sales May 2022
ADA COUNTY 2019
1600
2020
2021
2022
1400 1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY 2019
2020
2021
2022
700 600 500 400 300 200 100 0 JAN
8
FEB
MAR
Treasure Valley Market Report | May 2022
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
#GuidingYouHome
Treasure Valley Market Report | May 2022
9
Sold Listings by Price Range May 2022
ADA COUNTY $500-$699 39% $400-$499 21%
$300-$399 4%
$1,000,000+ 13%
10
Treasure Valley Market Report | May 2022
$700-$999 23%
Sold Listings by Price Range May 2022
CANYON COUNTY $300-$399 25%
$400-$499 23%
$250-$299 17%
$1,000,000+ 2% $700-$999 6%
$500-$699 27%
Treasure Valley Market Report | May 2022
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | May 2022
ADA COUNTY 1300
Re-Sale
1200
New
1100
700
648
640
800
671
900
809
1000
600
300
251
270
400
269
363
500
200 100 0 2019
2020
2021
2022
CANYON COUNTY 1000
Re-Sale
900
New
800 700 600
175
313
135
200
174
275 153
300
269
400
341
500
100 0 2019
12
Treasure Valley Market Report | May 2022
2020
2021
2022
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | May 2022
13
Annual Average Interest Rates 30-year fixed mortgage
2022
4.72%
2021
2.95%
2020
3.11%
2019
3.94%
2018
4.54%
2017
3.99%
2016
3.65%
2015
3.85%
2014
4.24%
2013 0.00%
14
3.98% 0.50%
1.00%
Treasure Valley Market Report | May 2022
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | May 2022
15