Residential Housing Market
What this means for you?
It is a great market to sell your house, and if you are a buyer, you will want to be
pre-approved so that when your perfect house hits the market, you can move quickly!

July 2018

July 2017

Total Active Listings
4.4% increase compared to July 2017
Ames
274
227
Boone
75
74
Madrid
10
11
Nevada
36
52
Ogden
10
24
Average Sale Price
36.9% increase compared to July 2017
Ames
245,981
261,003
Boone
138,635
142,220
Madrid
211,500
130,375
Nevada
202,488
130,275
Ogden
260,000
109,608
Numbers Sold
3.1% decrease compared to July 2017
Ames
90
74
Boone
21
27
Madrid
3
4
Nevada
8
16
Ogden
1
6
Total Active Listings
4.4% increase since July 2017
Ames
274
227
Boone
75
74
Madrid
10
11
Nevada
36
52
Ogden
10
24
Average Sale Price
36.9% increase compared to July 2017
Ames
245,981
261,003
Boone
138,635
142,220
Madrid
211,500
130,375
Nevada
202,488
130,275
Ogden
260,000
109,608
Number Sold
3.1% decrease compared to July 2017
Ames
90
74
Boone
21
27
Madrid
3
4
Nevada
8
16
Ogden
1
6
Overall, the market is slowly getting healthier,
which is great for buyers and sellers
Avg. Days on Market
Ames
46
42
Boone
58
65
Madrid
23
36
Nevada
17
22
Ogden
44
8
Absorption Rate
Ames
2.96
3.73
Boone
2.75
2.13
Madrid
3.43
2.8
Nevada
3.87
3.19
Ogden
4.5
2.08
Absorption Rates?
Absorption Rate (n): How long the current inventory of properties would last at the current rate of sales.
Healthy number: 6.0
Importance? This number indicates the number of months required to sell all of the properties on the market if no new properties were added to the market and sales continued at a steady pace. All five markets are showing as seller's markets as houses are being sold faster than they are being put on the market.
Avg. Days on Market
Ames
46
42
Boone
58
65
Madrid
23
36
Nevada
17
22
Ogden
44
8
Absorption Rate
Ames
2.96
3.73
Boone
2.75
2.13
Madrid
3.43
2.8
Nevada
3.87
3.19
Ogden
4.5
2.08
Absorption Rates?
Absorption Rate (n): How long the current inventory of properties would last at the current rate of sales.
Healthy number: 6.0
Importance? This number indicates the number of months required to sell all of the properties on the market if no new properties were added to the market and sales continued at a steady pace. All five markets are showing as seller's markets as houses are being sold faster than they are being put on the market.
* The number of active listings is a snapshot of listings on a single day (the 15th of every month). The number of months of sold listings, here, is 12. Information is determined to be reliable, but is not guaranteed. Prepared by Danielle Minde at iHome Realty on 8/3/18.
© 2018 MLS & FBS