NORTH IDAHO LUXURY MARKET REPORT FOR APRIL 2021
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer’s < 14.5%;
Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
The Northern Idaho single-family luxury market is a Seller’s Market with a 75% Sales Ratio.
• Homes sold for a median of 100.00% of list price in March 2021.
• The most active price band is $650,000-$699,999, where the sales ratio is 233%.
• The median luxury sales price for single-family homes is $860,000.
• The median days on market for March 2021 was 48 days, down from 77 in March 2020.
• Homes sold for a median of 100.00% of list price in March 2021.
• The most active price band is $650,000-$699,999, where the sales ratio is 233%.
• The median luxury sales price for single-family homes is $860,000.
• The median days on market for March 2021 was 48 days, down from 77 in March 2020.
