Ada County Real Estate | Foreclosures | 2011 Statistics

Posted by Jace Stolfo on Wednesday, February 22nd, 2012 at 10:40am.

The Ada County real estate market had fewer homes for sale in 2011 than 2010 or 2009.  In January 2011, there were 2,232 homes for sale.  This represents a 25% decrease from January 2010 when there were 2,991 active properties, and a 40% decrease from 3,764 properties in January 2009.  There was a steady decline in the number of active properties during the second half of each year, ending with an annual low in December. Number of Homes for Sale in Ada County in 2011 Even though there were fewer properties available for sale in 2011, more properties sold in 2011 than in the previous two years.  In 2011, 6,232 properties were sold compared to 5,843 in 2010.  Of the total 2011 sales, 3,116 were foreclosures (short sale, bank-owned and HUD properties).  In 2010, the total number of Boise Idaho foreclosure properties totaled 2,798.  The chart below shows the market share of foreclosure properties vs total home sales in the Ada County real estate market for 2011 and 2010. Market Share of Foreclosure Properties in Ada  2011 v 2010 As can be seen in the following chart, the absorption rate of properties on the Ada County real estate market was lower in 2011 than in recent years.  In fact, the absorption rate stayed fairly steady at or around 4 months for the majority of 2011.  The absorption rate is calculated by dividing the number of available properties by the monthly sales.  It's a quick measure to compare the supply vs demand.  A lower number indicates a higher demand vs supply and visa versa. Absorption Rate for Ada County Home Sales 2009-2011 disclaimer

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