Boise Real Estate Market is Continuing to Improve

By
Services for Real Estate Pros

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

 

Comments (1)

Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Steven,  With sales improving have prices begun to level out or improve.  Our sales are also doing better but our sales price has dropped about 3 percent this year while they had gone up a bit during 2010.  I grew up in North Idaho and have a neice in Boise.

Dec 15, 2011 02:22 PM