Boise Market Statistics - May 2008

I have been studying the stats for Boise and find them interesting. Our inventory is up and Median Price (Approximately $210,000) is down - as are sales (36%) from 2007. However, certain pockets are starting to recover. We have about 11-12 months worth of inventory on an average. However, in certain price ranges, that drops to 6% (which is indicative of a "normal" market). These are the low price homes in Ada County - there are other price ranges with 30 months inventory - but to see the bottom end leveling out is exciting!

I would say if you are a first time buyer - it's safe to buy here NOW! Prices are stable, rates are low and inventory is normal in the under $240,000 price range.

Buying a new home is a major decision and I know questions will arise, when they do, call me: Shirley Walker, GRI, ABR, CRS, Associate Broker, RE/MAX Capital City, Boise, Id. 208-830-9208 wwwbuyre.org