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by Jace Stolfo
on Wednesday, May 25th, 2011 at 7:40am.
There’s currently a very unique trend in the Boise real estate. Historically, in the spring & summer months the number of homes for sale increases as more people list their home during the busiest selling time of the year.
However, 2011 has bucked that trend as the number of homes for sale in the Boise real estate market has continued down. Below you can the inventory levels in Ada County from January ’07 through April ’11. June ’08 was the peak with almost 5200 homes for sale and April ’11 was the lowest at 2133.
This can be frustrating trend for some home-buyers with more unique requirements as there are fewer homes to choose from.
There are however many Boise short sales & Boise Bank-Owned Homes to choose from. Although, the overall number of those have also been going down.
Foreclosure properties accounted for 54.7% of the Boise real estate sales in April ’11. There was a total of 309 transactions, 119 were bank-owned and 50 were short sales. This is down slightly from March (317) but overall sales in Ada County were up 7%.