This has been a very busy winter! Many sales and many multiple offers on several properties in several areas including Nampa and Eagle!
So why is this happening? Inventory is continuing to drop!! Here are the numbers.
January 2010 our average inventory level was right around 9 months worth of inventory in Ada County and close to 10 months worth in Canyon County.
At the end of last month, the average invetory numbers for Ada and Canyon Counties are between 4-5 months and still dropping! By the way, that's good!!
The lowest area in Ada was in MLS area 650 Boise at 3.8 months of inventory. The lowest area in Nampa was MLS area 1250 at 4.1 months worth of inventory. We are very close to becoming a sellers market again if not already.
As far as inventory as per price range goes here are the numbers:
$0-$99,999 the months supply of homes is right around 3.1 months!! Wow!
$100,000-$199,999 the months supply of homes is around 4.1 months!! Wow again!!
And all these numbers are at the end of our slowest part of the year!
So if you are even thinking about selling your home and wanted to wait, don't wait. Call me today Brad Oliver at 947-4659 and let me show you what the numbers mean for your home in your area.
I have more buyers than homes right now and I know other fellow agents are having the same issues.
Dont miss the market. This includes buyers also. Don't miss it, or you will to wait for the next market cycle.
Brad Oliver
208-947-4659
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