Boise Real Estate Market – Spring 2009
Most Boise real estate statistics focus on year-over-year comparisons.
But, it’s also interesting to look at our Spring market activity to get a clearer picture of the current Boise real estate market:
Month: March April May
Available 4,127 4,182 4,100
Pending 725 823 974
Closed 390 439 456
Average Price $208,605 $207,149 $215,332
Median Price $175,000 $174,900 $174,395
My random musings:
- Our listing inventory is amazingly stable around 4,100 homes (we had nearly 5,000 homes for sale a year ago).
- We didn’t see the big Spring surge in listings this year that we’ve seen in past years.
- Pending sales have increased each month during our Spring market.
- Closed sales remain stable and should increase when our pending sales close.
- Many of our pending sales are short sales that may not close.
- Median prices were stable during our Spring market! (is this the bottom?)
Data pertains to Ada County homes on lot/acreage and does not include condo or townhome properties.
June 14th, 2009 Posted in Boise Market Stats
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