Boise Real Estate Market February 2017

By
Real Estate Agent with Thinking Boise at Keller Williams Realty Boise SP38480

 

 

Finally Warmer Weather! As expected, warmer weather brought more buyers out in February, pushing pending sales in Ada County 25.7% higher than the previous month, with 1,303 homes going under contract. Though pending sales were up month-over-month, they were 5.5% lower in February 2017 than in February 2016 because there were fewer homes available to purchase. Speaking of inventory, it was down 16.1% in Ada County from February 2016.  But there was a bright spot on the inventory front — the number of homes for sale was up 4.1% in February 2017 over January 2017. More encouraging, this increase was caused by more existing homes coming online, up 14.0% month-over-month.

 

Highlights

  • There were 504 homes sold in Ada County last month
  • The average sold price was $256,600
  • Avg 58 Days On Market
  • Get Current Mortgage rates

 

For BUYERS

The wearther has improved over the last 30 days and buyers are out in full force.  Homes that come on the market are being shown and many cases multiple offers are being presented within hours of listing.   Serious buyers who are pre qualified and working with an agent will be ahead of the competition. Sign up here to receive email updates as new homes hit the market. Be Ready!

For SELLERS

It appears that Sellers had been waiting for the Weather to improve as listings have increased the past 30 days.  If you are still wondering if now is the best time for you to sell, contact me today for a free home value report and we can discuss the market and projections for your area and price point.


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Mark Miranda

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