Pending Sale Activity | March 1 - March 15, 2008

Posted by Jace Stolfo on Thursday, March 27th, 2008 at 3:34pm.

"Pending Sales" are the best way to track current market activity. A sale goes pending when there is a signed purchase and sale agreement.

In Ada County (Boise, Eagle, Meridian, Star, Kuna, Garden City) pending sale activity has been increasing for existing homes but new construction has remained flat.

Existing Home Graph:

existing.jpg

New Construction Home Graph:

New Construction Pending Sales

This real estate data is from the Intermountain MLS.  Keep in mind, that not all these home sales will reach closing.  Some sales will fall due to financing issues, etc.

Tracking pending sales are important because if you only follow "solds" then you are watching activity that was occurring about 4 weeks earlier.  Pending sales are the best way to keep your finger on the pulse of the Boise Real Estate market.

I track pending home sales in the Boise area on a bi-monthly basis.  You will also find sold data on a monthly basis.  So check back often or subscribe to my blog.

Jace Stolfo 208.484.2560

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