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Housing prices steady, sales see slowdown

BILL BULEY | Hagadone News Network | UPDATED 3 weeks, 2 days AGO
by BILL BULEY
Bill Buley covers the city of Coeur d'Alene for the Coeur d’Alene Press. He has worked here since January 2020, after spending seven years on Kauai as editor-in-chief of The Garden Island newspaper. He enjoys running. | March 7, 2026 1:09 AM

Kootenai County housing prices remained steady through the first two months of the year, despite a slowdown in sales.

According to the Coeur d'Alene Regional Realtors, the median single-family home price was $552,500 in February, up slightly from the same time last year. 

But the number of homes sold, 309, was down 4.6% from the same two months in 2025, while residential listings totaled 656 as of March 4, a 11% decline from one year ago.

Homes are moving more quickly. The average number of days on the market, 102, is down nearly 15% from last year.

Jennifer Smock, co-owner and managing broker with Windermere/Coeur d'Alene Realty, said the current condition of the housing market is not uncommon for this time of year.

"In just the past five days, we’ve seen a noticeable uptick in new listings coming onto the market," she said. "With the mild weather, many sellers have been able to prepare their homes and list earlier than we typically see in our area."

Smock said it's difficult to know how the situation in Iran may affect interest rates. 

Mortgage interest rates have been stable. The current average 30-year fixed mortgage interest rate was 6.08% on Thursday.

"If rates were to rise, it could certainly create some headwinds for the local market," she said.

But for now, Smock said, "I remain optimistic that we will see a strong summer selling season ahead."

Some buyers are turning their attention to the Silver Valley, where homes are less expensive.

The median single-family home price in Shoshone County was $342,500 in February, up 15.7% from a year ago. The number of homes sold, 22, was up nearly 5% the first two months of 2026, while residential listings totaled 78 as of Wednesday, down 20% from the same time last year.

Jared McFarland, a real estate agent with Century 21 Beutler and Associates, said that when looking at three-bedroom, two-bath single-family homes in Kootenai County, the number of active listings is almost equal to the number of pending listings. 


"That’s typically a sign of strong demand combined with limited inventory. In fact, within the last 24 hours alone, about 20 properties have gone pending," McFarland said Thursday.


McFarland said they are hoping to see more inventory come on the market this spring. 


"If demand continues to increase without a corresponding rise in inventory, we could see prices begin to climb more significantly," he said.


A trend McFarland is seeing is that businesses and residents from Washington are moving their investments and operations to Idaho, largely due to tax and regulatory differences. 


"That migration is also contributing to demand in our market," he said.


Overall, McFarland buyers still have the opportunity to look at a few options before making a decision, and there’s still some room for negotiation.


"Sellers, on the other hand, can generally expect their homes to sell fairly quickly if they are priced correctly," he said.

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