What is the market doing in the Nampa Idaho area? Every time I run into folks that know I am in Real Estate I am asked this question....
Below is a chart of Average Sales Prices for the past several years!
As the above chart shows the prices have held steady in 2011 to the prices in 2010. We are at least not in a free fall of falling prices and we are a tiny bit above 2010.
November 2011 average price sold was $87,583 and the average pending price was $90,845.
In Nampa Idaho we have a shortage of homes on the market. In November 2010 we had 1232 homes on the market and in November 2011 we had 698 homes....quite a drop in inventory.
When this happens many buyers are bidding on the same home and oftentimes pay over the asking price. This does help the market overall ...more demand will command a higher sales price!
So in answer to the question "how is the market doing in Nampa Idaho?" I would have to answer.....Holding Steady!
If you would like information specific to your side of town or your subdivision why don't you give me a call! I would be happy to complete a market analysis on your home!!!
***This information provided is derived from the Intermountain MLS . It is deemed reliable but not guaranteed.
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