Meridian Idaho Real Estate Market Stats for Feb. 2012

Below are the real estate market statistics for Meridian, Idaho for the month of February 2012. These numbers are from the Multiple Listings Service and are based on single family/single family with acreage homes.

Meridian

February 2012 Market Statistics:

 

Available Homes

# Available: 474

# Vacant: 269 (57%)

# Short Sale: 162 (34%)

# Bank Owned: 18 (4%)

Median Asking Price: $177,990

Inventory is down yet again from previous month (504 January) and the Median Asking Price is up as well ($172,724 January).   Interesting to see that there are only 18 bank owned properties on the market and the number of vacant home is down from last months 310 (62%).

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Pending Sales

# Pending: 291

Median Asking Price: $178,990

Number of Pending Sales is up from January’s 209 but the Median Asking Price is down ($189.7K -January)

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Closed Sales – February 2011

# Closed: 107

# Short Sale: 28 (26%)

# Bank Owned: 35 (33%)

Median Sales Price: $155,000

Median Days on Market: 73

 

Closed Sales – February 2012

# Closed: 101

# Short Sale: 17 (17%)

# Bank Owned: 17(17%)

Median Sales Price: $183,640

Median Days on Market: 43

Just look at these numbers! Year over year, the Median Sales Price is way up but it is also way up from January ($159,070). The Median Days on Market is down by an entire month! Considering that February was a short month it did very well and with the number of Pending Sales up I think we are going to be looking at a pretty good March as well!

If you would like to see what homes are currently going for in the Meridian area, please go to my web site: http://www.BosieRealEstateChick.com

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