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by Jace Stolfo
on Wednesday, September 16th, 2009 at 5:40pm.
Home sales cooled slightly for the Boise real estate market with sales down about 12% compared to last month. However, Ada County sales overall all were up 10% from last month and 16% from a year ago. The graph below shows the Boise real estate sales over the last 5 months.
Currently, there's 2168 homes for sale in Boise. At the August sales rate, that's about an 8 month supply. A balanced market would be reflected by a 5 or 6 month supply. The Boise foreclosure market made up 29% of home sales in August. See graph below:
As you can see in the chart below, most of the Boise real estate sales were in SE & SW Boise.
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Data Source: Boise MLS. Information not guaranteed.