Market Report 📊 ⁠November 2022⁠ ⁠ Ada County Month-over-Month⁠ ⁠ • Median sales price down $36,000⁠ • Closed sales down 122 total⁠ • Days on market up 5 days⁠ • Inventory down 303 total⁠ • Months of supply down 0.3 months⁠ ⁠ Months of supply dropped month-over-month for the second consecutive month. Now down to 2.4 months. This is the lowest months of supply we have seen since June of 2022, which was also the second highest median sold price in a month. As a reminder - "months of supply" refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. The last 6 months we have seen months of supply at 2.4, 2.7, 3.0, 2.8, 2.8, 2.4. This could suggest a stabilization in supply of inventory.⁠ ⁠ Canyon County Month-over-Month⁠ ⁠ • Median sales price down $19,814⁠ • Closed sales up 58 total⁠ • Days on market up 10 days⁠ • Inventory down 111 total⁠ • Months of supply down 0.2 months⁠ ⁠ #realestate #marketreport #adacounty #c...