Boise Real Estate Mid-Year Market Statistics
Here’s an interesting comparison of mid-year market stats for the Boise real estate market:
Active Listings:
- 2007: 4,968
- 2008: 5,052
Average Sales Prices
- 2007 Average Sales Price: $282,483
- 2008 Average Sales Price: $262,381
- % Change: -7.1%
Median Sales Prices
- 2007 Median Sales Price: $238,900
- 2008 Median Sales Price: $210,000
- % Change: -12.1%
YTD Closed Sales: (number of homes sold)
- 2007: 4,032
- 2008: 2,730
- % Change: -32.3%
Months’ Supply of Listings
- 2007: 7.4
- 2008: 11.1
Phil’s Plainspoken Summary:
- We have enough homes for sale to last nearly a year if no more were listed.
- We are selling 2/3 as many homes as we were a year ago at lower prices.
Notes:
- Data pertains to Ada County single-family homes on lot/acreage.
- Data is for the 1st half of each year.
- Months’ supply calculated by dividing the average number of YTD closed sales per month into the number of active listings.
Print
