Boise Real Estate Market Statistics-August 2016

Ada County August Market Statistics

Available Homes

# Available: 2212

# Vacant: 1327 (60%)

# Short Sale: 23 (1%)

# Bank Owned: 20 (<1%)

Median Asking Price: $281,000


Pending Sales

# Pending: 1529

Median Asking Price: $262,990


Closed Sales—August 2015

# Closed: 879

# Short Sale: 7 (<1%)

# Bank Owned: 24 (3%)

Median Sales Price: $232,100

Median Days on Market: 19


Closed Sales—August 2016

# Closed: 1038

# Short Sale: 4 (1%)

# Bank Owned: 7 (<1%)

Median Sales Price: $253,645

Median Days on Market: 15


Summer Market Comes to an End!

The summer market is winding down as we see the real estate market slowing down a little. We are still way above last years numbers at this same time. There were only an additional 50 homes added to the market since last month so we aren’t seeing any big jumps in inventory. Asking price has pulled back a bit as well.

The number of Pending sales has continued to come down, as was expected after the crazy spring market. The median asking price was down by $6k month over month.

While the number of Closed sales came down (-42) month over month, we are still well above last years numbers by 160 homes. Sales price was up by $9K month over month and year over year it was up by $21K. Days on market are up to 15 which is still very low.

As we head into the fall I am expecting the inventory to remain fairly consistent with maybe a slight increase. We are still relatively low on available homes but even considering that I am not anticipating any price jumps. The market is healthy right now and should remain so until next spring.

If you would like additional information regarding the Boise Real Estate Market please go to my website:

Brokerage: Silvercreek Realty Group- 1099 S Wells St Suite 200-Meridian Idaho 83642



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