Boise Idaho Real Estate | Home Sales June ’10

Posted by Jace

July 13, 2010

As would be expected, Boise Idaho real estate sales surged again in June as the final push for closings came to an end before the tax credit deadline (Note: Congress did approve the closing extension time-frame to 9/30/2010 . The April 30, 2010 deadline for a executed contract is still in place).

Boise Idaho real estate sales were up about 17% with 349 closings in June verses 292 last year. This is the eighth consecutive month of home sales surpassing the previous year. Below you can see how monthly home sales in 2010 have compared to 2009.

While there’s been more real estate sales in Boise, a larger percentage of those sales have been foreclosures. In June, 39% of the sales were foreclosures compared to 26% last year. The graph below charts the foreclosure market share in Q2 of ’10 to Q2 ’09.

The median home price in Boise Idaho was up for the third consecutive month to $151,000. Here’s how the median home price has fluctuated over the last 13 months.