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by Jace Stolfo
on Thursday, August 4th, 2011 at 10:32am.
The Boise Idaho real estate sales market had 349 closings in June '11. The is up 8% from May and about even with the same time a year ago. The median home price increased for the 4th consecutive month to $139,700 but is down 7.5% from the same month a year ago ($151,000). Below you can see the Boise Idaho real estate sales by month for 2011.
The number of homes selling in Boise Idaho in 2011 has been about even with last year. Although, I anticipate the next few months to to surpass 2010 levels. As you can see in the graph below, 2010 sales dropped substantially in July as the tax credit ended. 2011 has not had that type of external factor propping up sales, so real estate activity will likely remain strong in July and then begin to taper down in August.