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by Jace Stolfo
on Friday, January 9th, 2009 at 11:34am.
The Boise real estate market had a 19% increase in home sales over November '08. There were 181 home sales with an average price of $206,252 and a median of $175,500.
The lowering interest rates and home prices have brought more affordability and activity in the market. As of today, interest rates for a 30-year fixed-rate are at about 4.875% (APR 5.011%).
The other factor to the increase in Boise real estate sales are the deals. Home prices have come down and negotiation is in the buyer's favor. Boise short sales and Boise REOs made up about 24% of the real estate sales.
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The most sale activity has been in SW Boise while the lowest Day's on Market was in SE Boise. N & NE Boise continue to bring the highest average and median home price.
Data Source: Boise MLS (IMLS)
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