Boise Real Estate Market Statistics-September 2018
Ada County September Market Statistics
Available Homes
# Available: 1839
# Vacant: 1250 (68%)
# Short Sale: 3
# Bank Owned: 2
Median Asking Price: $379,900
Pending Sales
# Pending: 1413
Median Asking Price: $345,000
Closed Sales—September 2017
# Closed: 1099
# Short Sale: 1
# Bank Owned: 4
Median Sales Price: $272,685
Median Days on Market: 13
Closed Sales—September 2018
# Closed: 913
# Short Sale: 0
# Bank Owned: 2
Median Sales Price: $316,000
Median Days on Market: 9
Full Fall Season
Inventory is up for the 6th month in a row. Our current inventory is only off by 138 from last year at this time. The median asking price is up month over month but the price has been going back and forth since it peaked in April at $396K, where it is now.
We continue to see the number of Pending Sales down for both year over year and month over month. The Pending Sales price has been flat for 3 straight months. The number of Pending Sales peaked in May at 1941.
The number of homes sold in September was down both year over year and month over month. The median sold price was at $316K but it is up by $43K from same time last year.
The next few months will indicate if there is a new trend going on. It appears there is a slight market pullback and this is not just a local trend. Reports are that this is happening throughout the country. Could be rising interest rates, or seasonal, or that we are comparing the current market to this past spring. That was an above average selling market, which is why the year over year numbers are important. We will see…
Brokerage: Silvercreek Realty Group 1099 S Wells St Ste. 200, Meridian, ID 83642
Boise Real Estate Chick 
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