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> Monday Morning Coffee for Monday, June 9, 2025
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SEEING OVER THE HORIZON
As far as monthly sales reports for our regional real estate market go, they are old news by the time they are published. The average time of a pending transaction (from offer acceptance to close) is currently 43 days. But, anyone contemplating either buying or selling would preferably like to know the future in determining when, or when not to, pull the trigger. Well, that’s not in the (Tarot) cards!
So, what’s the closest we can get to what the market is doing today? Some of the metrics we provide here each week can help with providing that insight . . .things like the number of New Listings that come on the market each month, or, how many listings went Pending during the month. New Listings are future Pendings, and new Pending are future solds.
Average Daily Listings also give a clue to the trend in overall inventory, and can have an effect on sales prices from a supply/demand dynamic. Related to that thought is “are original listing prices holding?”. As that metric isn’t known until sold prices are disclosed, it’s a trailing indicator – but, worth watching. Here’s what the Ada County market looks like so far this year:
The full results for the month are on our website's Market Stats page
- Alan
Now, For This Week's Fun Fact
Emmett Cherry Festival
The Emmett Valley was first inhabited by members of the Mountain Shoshone tribe, then trappers, followed by gold miners. This small community blessed with plenty of water from the Payette River and augmented by the Black Canyon Dam in 1924, became home to hundreds of orchards, with cherries, a specialty.
The Emmett Cherry Festival, a celebration of Idaho’s abundant cherry harvest began in 1928 with a dance, sponsored by the local American Legion at the end of the cherry season. The festival has grown over the years, adding more activities like the Cherry Pie Eating Contest, Pit Spit, and Great Cherry Bakeoff, becoming one of Idaho’s longest-running local festivals and a community tradition.
The Event is now a multi-day event held annually during the second full week of June, which is June 11-14, 2025, with an abundance of free and fun family friendly activities. Parades, Jr Miss Cherry Festival Pageant, quilt show, pancake feed, car show, concerts and a carnival are just a few of the activities mostly taking place at the Emmett City Park. You can find more info at: www.EmmettCherryFestival.com
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> Monday Morning Coffee For Monday Morning, June 2, 2025
THE MARKET RESULTS FOR MAY 2025
For May, the total homes sold, new listings for the month, and average and median price were all higher than the previous month AND a year ago!
Total New Listings for the first five months of the year (5287) were the highest since 2019. The number of listings that went Pending in May were up over the previous month(s), although at a rate lower than the recent month-to-month trend.
For all the stats on real estate activity in Ada and Canyon Counties (updated to the most recent month), click on "MARKET STATS" in the column on the left.
Now, For This Week's Fun Fact
Camas Lilies in Bloom
Make your plans to attend 2025 Camas Lily Days Festival in Fairfield, Idaho, the weekend of
June 7 – 8. It begins with a Fun Run and features Family-Friendly Activities, fishing derby and performances from members of the Shoshone-Bannock Tribes on Saturday Evening.
The native wildflowers cover the valleys floor every year, and for thousands of years these same plants sustained Native Americans living in the area. The Shoshone-Bannock and Paiute peoples used camas as a food source and medicine, roasting and drying the bulbs for future use.
Even if you do not attend the festivities, take a day trip, drive through and enjoy the natural beauty.
This annual celebration coincides with the peak bloom of the vibrant purple camas lilies at the Camas Prairie Centennial Marsh Wildlife Management Area, which is located 5 miles southwest of Fairfield off of Highway 20. Dirt and gravel roads loop around the marsh, offering excellent access for viewing the camas lilies and observing local wildlife.
