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by Jace Stolfo
on Tuesday, January 20th, 2009 at 11:13am.
The Ada County real estate market had 13% more home sales than last month but still down about 16% from a year ago. Inventory levels continue to decline and in December reached the lowest point since June 2006 with only 3801 homes for sale in Boise, Meridian, Star, Kuna, and Eagle, Idaho. With 3801 homes for sale in Ada County and 304 sales, December had a 12.5 month absorption rate.
Most real estate sales continue to be in the lower price ranges:
South West Boise/Meridian (MLS area 0550) had the largest market share of home sales with 13.49%. North West Meridian (MLS area 1030) followed with 11.51%, then West Boise and North East Meridian (MLS areas 0650 & 1020) with around 10% each.
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Data Source: Boise MLS (IMLS). Information NOT guaranteed in any way.