Boise Real Estate Market Statistics- October 2017

Ada County October Market Statistics

Available Homes
# Available: 1913
# Vacant: 1190 (62%)
# Short Sale: 7 (<1%)
# Bank Owned: 3 (<1%)
Median Asking Price: $334,900


Pending Sales
# Pending: 1488
Median Asking Price: $299,900


Closed Sales—October 2016
# Closed: 932
# Short Sale: 3 (<1%)
# Bank Owned: 9 (1%)
Median Sales Price: $250,000
Median Days on Market: 14


Closed Sales—October 2017
# Closed: 963
# Short Sale: 1 (<1%)
# Bank Owned: 3 (<1%)
Median Sales Price: $269,900
Median Days on Market: 14

Heading into the Holidays!

The holidays are approaching and we have not made it above the 2000 mark for available homes so far this year. I do not expect us too either! As you can see with the October numbers we are starting the decrease in inventory that is typical of this time of year and I would expect that to remain the case until at least the early Spring market of 2018.

We are also seeing the number of Pending homes going down as well. Yes, typical of this time of year but with slim pickings and increasing prices, some buyers are just sitting tight until the right home comes on the market (at the right price).

And Closed Sales follow the downward trend too! All normal for the season but we will see an uptick in Closed and Pending come the end of December. Nothing earth shattering though. The Days on Market are hanging steady at 14 days.

Hoping you have a wonderful Thanksgiving filled with family, food and fun! I am most grateful for my clients and the many referrals I receive! My business is 100% referral and I could not do it without you! Thank you and God Bless!

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

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