Boise Real Estate Market Conditions
Is the glass half-full or half-empty?
It’s very difficult to tell where we’re headed in our real estate market at this time.
With only 324 closed single-family home sales in January vs. 4,249 homes for sale in Ada County, things are obviously pretty slow.
But, it’s winter and our weather has been pretty harsh compared to other recent Winter markets.
I think we can expect to see substantially more homes on the market in the next 90 days as we enter our Spring market.
I expect that we will have 5,000+ homes for sale in Ada County again within the coming months, just as we experienced last year.
Only 7.7% of the homes on the market sold during January, which means the other 92.3% of the homes on the market went begging.
That supports my contention that about 90% of what’s on the market is either overpriced or not in prime showing condition.
There’s no denying that the buyers are in charge.
February 14th, 2008 Posted in Uncategorized
Print This Post
