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by Jace Stolfo
on Tuesday, June 15th, 2010 at 12:45pm.
The Boise real estate market, as did the rest of Ada County, had a very strong month in May. There were 339 homes sales, down slightly from April's 348, but up 28% compared to the same time last year.
The majority of the Boise homes selling are in the lower price ranges. 45% of the Boise real estate sales were between $100,000 and $150,000 while only 2% of the sales were homes over $400,000. The median home price in Boise was up slightly from last month to $148,000.
The market share of Boise foreclosure sales dropped to 34.2% compared to 44.8% last month. Below you can see monthly sales for Boise bank-owned property & Boise short sales over the last 3 months.