Yes, the numbers don't lie! Inventory levels are low in many areas surrounding Boise. This is one of the most important factors on our housing recovery.
Here are the numbers:
Inventory numbers have dipped below the 6 month threshold. This is one of the most important factors that our area has been fighting for years. This means we have less than a 6 month supply of all single family homes combined. In some price ranges we are well below the 3 month supply.
Distressed property numbers are also down in Boise, Eagle, Meridian. For the first time in many months, the number of distressed homes (bank owned, REO short sales) compared to fair market homes has fallen below 50% and has stayed there for a few months. This is important for home sellers because they do not need to compare to so many distressed homes and is closer to a "normal" market again.
Unemployment numbers has dropped in Ada County, this is another good factor for our housing market of course.
Intrest rates are still very low, this is great for new home buyers and move up buyers also.
Be careful not to miss this market change home buyers. Intrest rates can climb at anytime and they usually go up more quickly then they come down.
I would love to sit down with you personally to show you the current numbers of our area, not the national numbers, our local numbers. Real estate is local. This is very important.
Call me today at 208-947-4659 or you can email me also bradley@century21.com
We are accepting new clients. Call or email today to schedule a one on one. Call today!!
Brad Oliver
Century 21 1st Place Realty
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