Boise Real Estate Market | 10/09

Posted by Jace Stolfo

November 26, 2009

The Boise real estate market had another strong month with 321 home sales. This is 20% more home sales than Oct. 2008 and 13% more than two years ago. Of course, a major driver of home sales was the scheduled expiration of the tax credit (which has since been extended). The graph below shows the Boise real estate sales over the last 5 months.

Boise home sales

Boise real estate foreclosures had a declining market share of sold homes. This is especially true of Boise short sales as many buyers opted for homes that had a more predictable closing date. Boise bank-owned homes were down just slightly from September.

Boise foreclosures 2

When Boise real estate market sales are broken down by MLS area: SW Boise-Meridian led the way in with 75 sales. This is up substantially from the 54 sold in this area last month. West Boise-Garden City had the biggest decrease in home sales, going from 51 to 38.

Boise breakdown