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<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250108120505.png" alt="" width="" height="" style=""></figure></div>​​Who’s ready for the inside scoop on Coeur d’Alene’s real estate scene? Whether you’re on the hunt for that dream home or gearing up to sell, these market stats are your ticket to staying informed and one step ahead. Let’s jump right in and see what the numbers are telling us!Months Supply of Inventory – 3.12 Months Let’s start with the Months Supply of Inventory, currently sitting at 3.12 months. In simple terms, if no new homes hit the market, it would take just over three months to sell all the existing homes at the current sales pace. This number helps gauge market balance—generally, fewer months of inventory indicate a seller’s market, where demand is higher than supply. A balanced market typically sits around 5 to 6 months of inventory, so we're still leaning toward favorable conditions for sellers. Inventory Changes Over the Year – Up by 30% Here’s something interesting: the 12-Month Change in Months of Inventory shows a 30% increase compared to last year. This means there are more homes available now than there were a year ago. For buyers, this could mean more options to choose from. But sellers, don’t worry—while competition might be slightly higher, demand in Coeur d'Alene remains strong. It’s all about strategic pricing and presentation to stand out! Median Days on Market – 51 Days ​The Median Days Homes are On the Market is at 51 days. Translation? Homes are selling in about 7 weeks, which indicates a fairly brisk pace. If your home is priced right and shows well, you can expect it to sell relatively quickly. For buyers, this means you’ll need to stay on top of new listings and be prepared to act fast—those homes won’t wait around forever! List to Sold Price Ratio – 97.2% Let’s talk pricing. The List to Sold Price Percentage is sitting at 97.2%, meaning homes are selling for just slightly below their listing price. This is great news for sellers—it means your pricing strategy is likely on point, and you’re not having to offer deep discounts to close the deal. Buyers, while there might be a bit of room for negotiation, don’t expect to score huge bargains unless the home has been sitting on the market for a while. Median Sold Price – $530,000 ​Last but not least, we have the Median Sold Price, which is $530,000. This figure gives you a solid benchmark for home values in the area. Whether you’re buying or selling, knowing this number can help set expectations and guide your pricing strategy. For buyers, it's helpful to know what kind of budget you'll need for the average property in town. What This Means for YouSo, now that you’ve seen the numbers, how do they translate into practical steps for both buyers and sellers? Let’s break it down:For Buyers:&nbsp; With the Months Supply of Inventory increasing, you might find more options on the market than you did a year ago. That said, 3.12 months of inventory is still considered a low-to-moderate level, so desirable properties can move quickly—especially those priced competitively or offering unique features. Prepare by getting pre-approved for a mortgage (if needed), clarifying your must-haves versus nice-to-haves, and acting decisively when you spot a home that checks your boxes. Staying informed about current listings and market conditions will help you jump on the right opportunity before someone else does.For Sellers:&nbsp;&nbsp;Don’t let the slight increase in inventory intimidate you. The Median Days on Market is still relatively short, and the high List to Sold Price Ratio suggests well-presented and well-priced homes sell close to their asking price. However, with more competition on the market, it’s crucial to highlight what sets your home apart. Think about cosmetic updates, professional staging, or strategic pricing to attract serious buyers. Also, don’t underestimate the power of great marketing—showcasing your home’s best features will help it stand out in a crowded marketplace.For Everyone:&nbsp; The current Median Sold Price of $530,000 reflects the healthy values in our local market. While this is good news, it also means you’ll want an informed strategy—either to secure the right home at the right price or to sell quickly and profitably. Understanding how these trends impact your specific neighborhood, property style, and price point is key. Every home and situation is unique, so what’s working for one person might not be the same for another. That’s where having a dedicated real estate professional comes in handy. Ready to Get Moving?If you’re thinking of buying, selling, or just want a clearer picture of what these stats mean for your personal situation, let’s connect! I’m here to help you make sense of the data, navigate the local market, and ensure that you feel confident every step of the way.Reach out today, and let’s get the conversation started. Together, we’ll make your real estate journey in Coeur d’Alene a successful one!

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Stay informed with the latest December 2024 real estate stats for Coeur d'Alene, Idaho—covering inventory shifts, median prices, and expert tips for buyers and sellers.

Coeur d’Alene Real Estate Market Update: December 2024 Stats & Insights

Coeur d'Alene Real Estate Market Insights: December 2024

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Explore detailed articles by Debbie Taylor, categorized by relevant tags. Stay informed on key real estate topics like buying, selling, and market trends in North Idaho. Get expert insights and advice to make informed decisions.

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Coeur d'Alene Real Estate Market Insights: December 2024

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