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by Jace Stolfo
on Friday, October 3rd, 2008 at 2:14pm.
Single Family Homes sold in Ada County rose over 19% in September 2008 compared to September 2007. This is the first year-over-year increase since December 2005. This follows the positive signs we saw in July and August when inventory started declining. The market is showing signs of correction.
It's important to remember September sales are actually a reflection of activity in August as it usually takes 3 to 4 weeks to close a transaction. With the recent financial turmoil in the news, this trend may not continue into October but we'll see.
September 2008: 497 Single Family Homes Sold
September 2007: 402 Single Family Homes Sold
I will post all the sale data when it comes out in about a week.
Data Source: Intermountain MLS. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. This information contained in this post is for general market analysis. No representations or warranties are made as to the past or future appreciation or depreciation of property values.