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Coeur d’Alene Residential Real Estate Market Report – November 2023

Coeur d’Alene Residential Real Estate Market Report – November 2023


The Coeur d’Alene MLS real estate market has shown notable changes in its dynamics over the past year. The following report provides a detailed analysis based on Year over Year Comparison Reports, Sold Market Analysis, and other relevant market data for November 2023.

Key Highlights

1. Active Residential Listings

  • Change from 2022: Active listings in November 2023 were up by 5.2% compared to the same period in 2022.
  • Current Listings: There were 2,065 active residential listings in November 2023, compared to 1,962 in November 2022.

2. Sold Residential Listings

  • Total Sold in November 2023: There were 305 residential properties sold.
  • Comparison with 2022: This is a decrease of 12.4% from the 348 properties sold in November 2022.

3. Absorption Rate

  • Current Rate: The absorption rate for November 2023 stood at 4.94.
  • Yearly Change: This represents a 38% increase from the absorption rate of 3.58 in 2022.

4. Median Sale Price

  • November 2023: The median sale price of sold homes was $525,000.
  • Year-over-Year Comparison: This shows an increase of 2.5% from the median sale price of $512,000 in November 2022.

5. New Construction Residential Closings

  • November 2023: There were 59 new construction residential closings.
  • Comparison with 2022: This number remained unchanged from November 2022.

6. Typical Residential Sales (Existing/Non-distressed)

  • Number of Sales: There were 187 typical residential sales.
  • Average Sales Price: The average sales price for these properties was $607,316.
  • Average Days on Market: These properties stayed an average of 98 days on the market.


The Coeur d’Alene MLS Market in November 2023 has shown a mixed set of dynamics. While there’s been a slight increase in active listings and median sale prices, there’s also a noticeable decline in total residential sales compared to last year. The absorption rate has notably increased, indicating a faster pace of sales relative to the number of listings. New construction residential closings remain stable, and the typical residential sales market shows a robust average sales price, albeit with a significant time on the market.

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