Boise Real Estate Market Statistics-July 2017

Ada County July Market Statistics

Available Homes
# Available: 1927
# Vacant: 1202 (62%)
# Short Sale: 9 (<1%)
# Bank Owned: 5 (<1%)
Median Asking Price: $325,000

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Pending Sales
# Pending: 1773
Median Asking Price: $299,500

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Closed Sales—July 2016
# Closed: 1105
# Short Sale: 6 (<1%)
# Bank Owned: 10 (1%)
Median Sales Price: $243,000
Median Days on Market: 11

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Closed Sales—July 2017
# Closed: 1101
# Short Sale: 3 (<1%)
# Bank Owned: 11 (1%)
Median Sales Price: $269,900
Median Days on Market: 9

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Dog Days of Summer are Here!

The summer market is in full swing and with that we do see an increase in inventory (+104) but still have not gone over that 2000 mark! The market is doing its usual slowing of pace for the summer. Homes priced under $300K are still going quick!

We also see a slight (very slight) pull back on Pending sales, down by 25 but is still well above last year! Considering we have lower available inventory this year compared to last year, having a higher number of Pending sales speaks to the high demand.

Continuing the light seasonal pullback trend are the Closed sales. Also down month over month by–139 and interestingly down by –4 year over year. Closed sales price was down by $4K month over month but up by $26K year over year.

As we head further into August and September I do not see much changing in inventory or pricing. We are staying pretty steady. This is still a very strong sellers market so you know what I am going to say next: if you are thinking of buying or selling a home (or know someone who is) please contact me! I will be happy to help! Have a wonderful Labor Day weekend!

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


 

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