Coeur d'Alene, ID Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Coeur d'Alene, ID, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index covers single-family homes and condominiums.

As of December 2020, the HPI for Coeur d'Alene was 227.7, up 7.1% from December 2019. This represents the fourth consecutive year of positive annual growth and the highest level on record. Home prices in Coeur d'Alene have increased by nearly 60% since bottoming out in 2012.

The HPI is based on data from Fannie Mae and Freddie Mac's conventional single-family mortgage portfolios. These portfolios include loans that are securitized by Fannie Mae and Freddie Mac as well as loans held in their portfolios. The HPI excludes properties with high loan-to-value ratios and investment properties.

The strong housing market in Coeur d'Alene is being driven by a number of factors, including low interest rates, strong job growth, limited supply of homes for sale, and population growth. The median sales price of a home in Coeur d'Alene has reached $360,000, up from $315,000 just one year ago. At the current sales pace, there is just over two months of supply of homes available for sale which is down from four months one year ago and well below the six-month supply that is considered to be a balanced market between buyers and sellers.