Cool Down No Surprise

    We're coming off the hottest summer the Boise real estate market has seen since 2006, based upon the number of homes sold and their prices. More than 800 homes were sold per month for four consecutive months this summer, followed up by 683 in September.
    September's seasonal slowdown was predicted by the Ada County Association of Realtors (ACAR) who provides this data and the charts to accompany it. Homes sold numbers are still 20% higher than last year at this time. Of those sales, 129 new homes was the same in September 2012.
    Median home prices had climbed to $200,000 in August and were predicted to start to stabilize at $195,000-$200,000, according to ACAR. This prediction hasn't changed.

INDICATORS
        Sales pending - Down 12% from 2012 and 15% from August
        New home sales - 129 is consistent with 2012
        Days on market - 46 is even with last month, down from 64 last year.
        Home sales - 683 is up compared to last year and down 18% compared to last month, as seasonally expected.
        Prices - Median, new home and existing home prices are up 11-14% from 2012, although down slightly from August.
        Inventory - At 3.2 months of supply, the number of homes for sale is up 12% from 2012 and 4% from August.

    You're invited to contact me to discuss, or find more on my "Foster Boise Blog."

Sincerely,
Shana Foster Moore


  • October 22 2013 - Boise
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Answers (2)

Excellent post - good info!
  • October 22 2013
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Thanks Eric.
  • October 22 2013
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