We are having a HOT summer in Ketchum, Idaho, literally, and in the world of real estate, too.
With this blog post I'd like to show the three-year trends for single-family homes in the Ketchum real estate market, including Warm Springs. We'll look at the market as of June 30, 2018 compared to June of last year.
PRICE TRENDS OVER LAST JUNE
The median price of a home in Ketchum as of June 30, 2018 is $1,040,000. The average price is $1,635,275, up 8.6% over June of last year.
SOLD SINGLE-FAMILY HOMES IN KETCHUM
Closed sales of single-family homes are up 49% over June of 2017.
ACTIVE INVENTORY - PROPERTIES FOR SALE
Like many areas across the country, our inventory is skinny. Check out this 3-year trend.
PENDING SALES HELP PREDICT THE FUTURE
Pending sales for single-family homes in Ketchum are up 37% over last year. One would presume that this trend will continue to put upward pressure on home prices in Ketchum.