Ada County Real Estate Stats | December 08

Posted 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:

  • 4.6% under $119,999
  • 32.6% between $120,000 - $159,999
  • 25.7% between $160,000 - $199,999
  • 14.8% between $200,000 - $249,999.
  • 8.2% between $250,000 - $299,999.
  • 9.9% between $300,000 - $399,999.
  • 4.3% over $400,000

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.

Overall Ada County Real Estate Dec-08
Homes for Sale 3801
Year-over-yr -9.61%
Sold 304
Year-over-yr -15.56%
Absorption Rate 12.5
Ada County Existing Homes  
Homes for Sale 2910
Year-over-yr -1.52%
Sold 231
Year-over-yr -12.83%
Absorption Rate 12.6
Median Price  $ 176,000
Ada County New Construction  
Homes for Sale 891
Year-over-yr -28.72%
Sold 71
Year-over-yr -25.26%
Absorption Rate 12.5
Median Price  $ 180,000

Search Ada County Real Estate for sale

Data Source: Boise MLS (IMLS).  Information NOT guaranteed in any way.

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