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by Jace Stolfo
on Wednesday, August 13th, 2008 at 12:44am.
Click here to check for the most current home sale statistics.
According to the Boise MLS (Intermountain MLS), July posted 494 home sales in Ada County- down 24%. This is actually one of the smaller declines we've seen over the last year and a half as most months have posted 30% to 40% declines.
Inventory levels also were down from year ago, the first year-over-year decline in 28 months. Some think this could be a sign of the bottom of the housing market. While this is a positive sign, the decline in the number of homes for sale is likely not because of homes selling but homes coming off the market to be rented, etc. They are homes that will be for sale again when the market begins to improve or next spring.
Total active listings: 5055
Total sold homes: 494 (-24.00% to July 2007)
Median home price: $210,000 (-12.28% to July 2007)
Average home price: $250,340 (-10.72%to July 2007)
Total active listings: 3935
Total sold homes: 372 (-24.24% to July 2007)
Median home price: $208,000 (-8.73% to July 2007)
Average home price: $242,131 (-10.49% to July 2007)
Total active listings: 1120
Total sold homes: 115 (-27.67% to July 2007)
Median home price: $214,990 (-24.83% to July 2007)
Average home price: $255,039 (-18.73% to July 2007)
Get all the July home sale statisics
Data Source: Intermountain MLS. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. This information contained this letter is for general market analysis. No representations or warranties are made as to the past or future appreciation or depreciation of property values.