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Kootenai County Market Report – June 2022

Page 1

June 2022


In June 2022, Kootenai County home prices were up 17.1% compared to last year, selling for a median price of $580,000. On average, homes in Kootenai County sell after 57 days on the market, down 6.6% from last year in June. There were 298 homes sold in June this year, down from 480 last year. Average Sales Price

Current Listing Inventory

Average Days On Market

$756,305

936

57

Up 28.4%

Up 45.3%

Down 6.6%

Median Sales Price

Closed Sales

Annual Residential Sales

$580,000

298

1,797

Up 17.1%

Down 37.9%

Down 19.3%

Average Days On Market 12-month comparison, highlighting current month.

100

95

90 80

73

76

73

80 75

74

72

70

63

60

59

57

Apr '22

May '22

June '22

60 50 July '21

Aug '21

Sep '21

Oct '21

Nov '21

De c '21

Jan '22

Feb '22

Mar '22

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, June 30, 2022.

5.70%

6.00% 5.50%

5.10%

5.00%

5.10%

4.67%

4.50% 3.89%

4.00% 3.50% 3.00%

3.55% 2.98%

2.80%

2.87%

3.01%

3.14%

3.10%

3.11%

Sep '21

Oct '21

Nov '21

De c '21

2.50% June '21 July '21

2

Aug '21

Kootenai County Market Report | June 2022

Jan '22

Feb '22

Mar '22

Apr '22

May '22 June '22


Active Residential Listings As of 6/15/2022, month/year comparison. 1000

936

800

731

720

716

684

681

600

511

503 415

400

382

329

323

Jan '22

Feb '22

200 July '21

Aug '21

Sep '21

Oct '21

Nov '21

De c '21

Mar '22

Apr '22

May '22

June '22

Active Listings By Price Range Year-over-year comparison as of 6/15/2022.

2021

200

209

2022

$800K-$1M 15% 148

143

160

125

120

125

120

113

0-$150K $1M+ 2% 19%

161

88

80

54

40

18

9

8

8

3

6

17 12

21

51

$300K-$350K 1%

$600K-$800K 25%

29 12

200K-$250K 1%

+

$350K-$400K 4%

$1 M

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 0$1 50 K

$150-200K 1% $250K-300K 1%

$500K-$600K 17%

$400K-$500K 14%

Sold Listings By Price Range Year-over-year comparison for the month of June.

2021

120

133

2022

$800K-$1M 11% 94

90

76 56

60

68

200K-$250K 1%

56 34 34

30

33 37

22

15

9

5

5

6

2

6

3

6

$250K-300K 1%

8

+ $1 M

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 0$1 50 K

0-$150K 3% $150-200K 2%

$600K-$800K 23%

70

$1M+ 12%

$300K-$350K 2%

$500K-$600K 23% $400K-$500K 19%

$350K-$400K 3%

Kootenai County Market Report | June 2022

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Kootenai County Market Report – June 2022 by Coldwell Banker Tomlinson - Issuu