Ada County Market Update for November
2011 November sales were 471 in Ada County, an increase of 7.3% over November 2010. November sales YTD are 5,763; up 7.98% over 2010 YTD.
In July of 2011, we exceeded YTD 2010 sales for the first time in 2011. In August we improved to +6.1%. In September our increase was 7.2%. In October it grew to 7.6%.November sales decreased 10% from October 2011s 520.
Historically, November sales decrease from October. Of our total sales in November... 47% were distressed....up 2% from October 2011. In January 2011, 57% of our sales were distressed.
For homes sold in November, the average number of "Days on Market" was 78. This is essentially unchanged from last month. Down from 90 days last year this time and down from 93 days in January 2011.
- Steven Caporale
Boise Idaho Real Estate