Boise has had it's share of PRICE Dropping over the last few years, but this Trend has shown how the market will reverse itself quickly. Following is a graph that I put together from information on the National Association of Realtors Website:
As you can see, Prices have dropped in our area, but luckily they have stabilized; what does this mean? It means it's a Great Time to Buy in Boise, IDAHO! Before you start to think this trend is going to continue please take a look at the following graph:
Home Inventory has dropped sharply in the last 4 years meaning that prices must go UP because the supply for Housing is at a 4 year low. Because prices have stabilized and Inventory remains low, it appears that prices will be heading back up due to a serious shortage in supply. You will get a better deal right now on a home in Winter Months than in the Spring, so Now might be the absolute perfect time to buy in this market.
Boise's Best Realtor
Jake Conklin
Jake@jakeconklin.com
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