MLS STATS OCTOBER 2022

Market Update

October 2022

Residential Snap Shot

January 1st, 2022- September 30th, 2022

Area 01 CdA RAreeasidential Snap Shot02 Post Falls Area 03 Hayden

Active Listings Nov1e,3m61 beArct1ivesLtis,tin2gs018 – Januar1y,2130 1, 2019Active Listings 669
Homes Sold/Closed YTD 420
Avg Days on Market 842 Homes Sold/Closed YTD 797 Homes Sold/Closed YTD
Median Sales Price 66 Avg Days on Market 63 Avg Days on Market 65
Avg Sales Price Median Sales Price $618,000
SP/OLP $575,000 $520,000 Median Sales Price $758,000

$658,000 Avg Sales Price $570,000 Avg Sales Price 96%
97% SP/OLP 97% SP/OLP

Area 04 Rathdrum/Twin Lakes Area 04a Hauser Lake Area 05 Athol/Spirit Lake NW Kootenai Co

Active Listings 603 Active Listings 84 Active Listings 249
Homes Sold/Closed YTD 44 Homes Sold/Closed YTD 136
Homes Sold/Closed YTD 337 Avg Days on Market 156 Avg Days on Market
Avg Days on Market 80 Median Sales Price $843,000 Median Sales Price 77
Median Sales Price Avg Sales Price $768,000 Avg Sales Price $510,000
$520,000 SP/OLP 101% SP/OLP $604,000
Avg Sales Price
$601,000 96%
SP/OLP
97%

Area Athol/Bayview 06 NE Kootenai Co Area 12 Silver Valley Area All Kootenai Co

Active Listings 145 Active Listings 334 Active Listings 4,684
Homes Sold/Closed YTD 66 Homes Sold/Closed YTD 198 Homes Sold/Closed YTD 2,786
Avg Days on Market 75 Avg Days on Market Avg Days on Market
Median Sales Price Median Sales Price 64 Median Sales Price 69
Avg Sales Price $644,000 Avg Sales Price $293,000 Avg Sales Price $559,000
SP/OLP $753,000 SP/OLP $292,000 SP/OLP $698,000

93% 95% 96%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

431 435 479 492 507
445

341 320 396

Jan Feb March April May June July Aug Sept Oct Nov Dec

2017 Sold 2018 Sold 2019 Sold 2020 Sold 2021 Sold 2022 Sold

*Data provided by CDA MLS

3rd Quarter Median Sales Price Comparison
2021 vs 2022 YTD
Re-Sale Only

Kootenai County Single family

850,000 970,000

+14%

484,570 545,000

+12%

Less than 2 Ac More Than 2 Ac

2021 2022

3rd Quarter Median Sales Price Comparison

2021 vs 2022 YTD
Re-Sale

620,000 Kootenai County Multi family & Condos

535,000

+16% 466,000

410,000

-12%

Multi Family Condo

2021 2022

3rd Quarter Median Sales Price Comparison

2021 vs 2022 YTD
Re-Sale

Kootenai County

1,615,000

1,370,000

+18% 800,000 820,000
+2.5%

Waterfront Sec Waterfront

2021 2022

3rd Quarter Median Sales Price Comparison

2021 vs 2022 YTD
Re-Sale

Kootenai County Land

263,000

+23%

118,500

+39%

Vacant Lot Land 1-10 Acres

2021 2022

3rd Quarter Median Sales Price Comparison

2021 vs 2022 YTD
Re-Sale

Kootenai County

425,000 580,000

350,000 495,000

+21% +54%

Land 10Ac + Manuf over 2 Ac

2021 2022







Median Sales Price Single Fam <2 Ac Kootenai County Resale
2022

585,000

574,900

569,500

561,500

548,900

515,000

499,999 499,500 499,000

January February March April May June July August September

Change in Inventory

Month-Over-Month, September 2022

Source: realtor.com

Supply & Demand Ratio Changing Quickly

Year-Over-Year Comparisons

35.0%

26.9%

25.0%

15.0%

5.0%

-5.0% Showings Active Listings

-15.0% -12.2% Source: ShowingTime, realtor.com

-25.0%

Ivy Zelman projects U.S. house prices will fall
4% in 2023, and
then another 5% decline in 2024.

- Ivy Zelman, CEO, Zelman & Associates (Leading housing research firm in US)

Home Price Forecasts for 2023

Latest Forecasts from Each Entity

4.4% 4.0%

2.8% 2.6%

1.8% HPES

Average of Fannie Mae Freddie Mac MBA 1.2% Zelman
All 6 Forecasts
NAR

-4.0%

Homeowner Equity Gains

Year-Over-Year, Q2 2022

Source: CoreLogic

Demographic trends support
elevated purchase demand in
the years to come, so it’s a
question of when, not if, for the
housing market.

- Mark Fleming, Chief Economist, First American

Talking Points…..

❑Pending home sales are down 3% from last month and 24% from this
time last year

❑Homes closed are up slightly , 1% from last month but down 16% from
this time last year

❑Median sold prices are down 5.5% from last month and are level with
last year

❑Average sold prices is level with last month, but down 7% from this
time last year

❑Months of Inventory is 3.5 in September

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