Boise, Idaho Real Estate Stats – October 2009
Here’s a snapshot of October’s real estate activity for Boise, Idaho (Ada County):
Available Homes
# Available: 3,673
# Vacant: 1,864
Vacant Percent: 50.8%
Average Asking Price: $266,960
Median Asking Price: $189,900
Pending Sales
# Pending: 895
Average Asking Price: $207,072
Median Asking Price: $165,000
Closed Sales – October 2008
# Closed: 431
Average Sales Price: $245,863
Median Sales Price: $200,000
Closed Sales – October 2009
# Closed: 626
% Change: +45.2%
Average Sales Price: $190,771
% Change: -22.4%
Median Sales Price: $157,000
% Change: -21.5%
Data taken from Intermountain MLS on 11/7/09 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.
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2 Responses to “Boise, Idaho Real Estate Stats – October 2009”
By Tim Dublin on Nov 9, 2009
Phil….how does the October 2009 available inventory compare the same period a year ago? If memory serves (and it rarely does) the inventory looks to be really coming down?
By Phil Hoover on Nov 10, 2009
Yes, Tim ~ inventory continues to decline.
That is a good thing.
If we can achieve six months’ listing inventory, we should see a balanced market.