Homes for sale in Boise Idaho this year is a hot commodity. According to the Intermountain Multiple Listing Service, Boise, Idaho has already a complete turnover of its residential inventory once this year and will likely turn it over again by the end of the year. Boise homes for sale are not lasting more than 48 days on average these days and the average sales volume is $226,773. This is a 17.54% increase over the same time period one year ago.
The improved economy has been the biggest cause for this improvement. With unemployment numbers down folks are more confident in moving ahead with their home purchase plans. Lower interest rates are another cause for keeping buyers in the market place. Hence more buyers than inventory to choose from make it a “sellers market”. Another component in the mix is the very affordable prices. Good sized 4 bedroom 3 bathroom homes in Boise Idaho priced very affordably. These three factors come together for a very “perfect storm” of sorts. This is the kind of storm that keeps homes for sale in Boise moving into the hands of new and very happy buyers.
The balance between existing home sales and new construction has been in favor of new construction. While it is not a 50/50 ratio, it is still a dramatic improvement over 2012 numbers. When existing homes for sale in Boise Idaho drops to a low 30 day turnover, new homes for sale in Boise Idaho is the only option for more and more buyers.
Good news further is that this high activity has been felt in all areas of Boise, Idaho. Homes for sale in Boise Idaho were most active in the south and northwestern area of the city. With over 350 units each to date, the southern segment and the northwestern segment(including Garden City) remain the most active segments. The north Boise segment has been third strongest at 213 homes sold
All in all Homes for sale in Boise Idaho this year is a hot commodity.
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