Metropolitan Statistical Area (MSA):

Coeur d'Alene, ID

Coeur d'Alene, ID is a Metropolitan Statistical Area (MSA) comprising counties including .

Coeur d'Alene, ID Real Estate Trends: The Housing Market

There is no doubt that the Coeur d'Alene, ID metropolitan statistical area (MSA) is one of the hottest housing markets in the country right now. Home prices in the MSA have been on the rise for several years now, and there is no end in sight. The combination of strong job growth, low interest rates, and limited supply of homes for sale is driving prices higher and making it difficult for buyers to find affordable homes.

The median home price in the MSA was $360,000 in 2017, up from $350,000 in 2016. This trend is expected to continue as more people move to the area and competition for homes increases. The number of homes sold in the MSA also increased last year, rising to 2,917 from 2,812 in 2016. This trend is also expected to continue as demand for housing remains strong.

If you are thinking about buying a home in the MSA, you need to be prepared to pay a premium price. However, with prices expected to continue rising, now may be a good time to buy before they become even more unaffordable.

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