Boise Market Snapshot for October 2016

By
Real Estate Agent with Juniper Realty Group at Silvercreek Realty Group SP38480

Homes for Sale & Sold Report for October 2016

November 15, 2016 



  • There were 870 homes sold in Ada County last month
  • The average sold price was $252.000.
  • Demand for homes In the $200-300K price range remains strong with less than 2 months of inventory.
  • Mortgage rates inched up shortly after the election and are to remain at these levels now for the near future.
  • The number of homes for sale in Ada County dropped back below the 2,000-mark for the first time since April 2016, reaching 1,950 in October 2016, a decrease of 12.5% compared to last year. 
  • "Prices continue to be driven by very low supply and high consumer demand, not market speculation as was experienced a decade ago" said Carey Farmer, BRR President 

 

 

 


See new homes for sale and much more here! 

 



I hope you find this helpful and, as always, I appreciate your referrals and do not hesitate to let me know if you have any questions about anything related to real estate or your home!  

   
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Comments (1)

Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Wow Mark, there are some beautiful homes in your area at wonderful prices compared to Southern CA prices. Thanks for the update.

Nov 15, 2016 06:39 AM

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