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by Jace Stolfo
on Friday, March 6th, 2009 at 7:14pm.
The Boise real estate market had 153 homes sales in February '09, down from 175 in January. Roughly 40% homes sales were distressed properties - approximately 17 short sales and 44 bank foreclosures.
A year ago, the Boise real estate market had 216 home sales, two years ago 310, and 359 three years ago (2/06). Currently there's 2042 homes for sale in Boise. At the February sales rate, that would be 13.3 months of supply.
The average sold price in Boise was $193,912 and the median $172,000. Most of the real estate sales in Boise are occurring in area 0550 and 0650. The areas with the least amount of supply are 0300, 0400, and 0500.