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April 2024 Market Snapshot

We’re starting to see some consistency in the trends for the first quarter of 2024. A total of 52 homes have been sold in the New Meadows, McCall, Donnelly and Cascade areas (January through March). In 2023, a total of 59 homes were sold in quarter one. Overall, those sales numbers are down but only by 7 units total.

Comparing March 2022 to March 2024, the median price for Cascade looks like a drastic drop but there were a few small cabins and mobile homes sold that brought the median down. Meadows Valley has not seen enough sales to be included in this month’s trend report:


Prices remain somewhat soft as we are starting to see more negotiating from buyers. Percent of list price received is around 95%. As we see more units available, prices may become even more sensitive.


Inventory across our communities is trending up. We’ve seen a 36% increase overall, with 142 units available now, compared to 104 units available this time last year.


The general consensus is that buyers who need to finance are waiting to see if the Federal Reserve lowers rates. If this does happen, we may see a strong increase in demand from those who’ve been waiting for movement from the Fed.

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