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by Jace Stolfo
on Wednesday, July 23rd, 2008 at 11:32pm.
Ada County single family home statistics for Q2 '08.
Home sales improved in the second quarter but are still down when comparing to the same time period a year ago. There are still a large number of homes for sale, distressed properties coming on the market, and an overall nervousness about the economy that is negatively affecting home sales.
Both existing and new construction home sales continued to improve over Q2 (Fig 1).
The real estate market experiences seasonal changes in both the number of homes for sale and the number being sold. As a result, it is helpful to compare numbers year-over-year. Figure two shows that overall sales were down about 30 percent from a year ago.