November Market Outlook for Boise Area
by admin on Dec.13, 2009, under Uncategorized
More Homes are Selling! Residential closings in November were 116% higher than in November 2008 in Ada County and 138% higher in Canyon County.
More Homes are Selling!
Residential closings in November were 116% higher than in November 2008 in Ada County and 138% higher in Canyon County.
New contracts in November were 36% higher in Ada County than last November and 43% higher in Canyon County.
90% of closings this month in Ada County were under $300,000 while all but 4 closings in Canyon County were under $300,000.
Using the last twelve months of sales activity as a measure of demand, there is a 6.9 month inventory of homes on the market in Ada County and a 7.9 month inventory in Canyon County, the lowest in both counties for three years.
New contracts in November were 36% higher in Ada County than last November and 43% higher in Canyon County.
90% of closings this month in Ada County were under $300,000 while all but 4 closings in Canyon County were under $300,000.
Using the last twelve months of sales activity as a measure of demand, there is a 6.9 month inventory of homes on the market in Ada County and a 7.9 month inventory in Canyon County, the lowest in both counties for three years.
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