Boise Market Trends

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Boise Real Estate Market Trends – Warming with the Spring Temperatures

Springtime in Boise is my favorite time of year! The flowers are blooming and so is the real estate market. According to Marc Lebowitz, executive director of the Ada County Association of Realtors (ACAR), “March was a very solid month. Sales are increasing as inventory grows. Median price increase is more sustainable. Distressed activity shows improvement in all areas; back to pre-bubble days. Everything forecasts a very strong next three months.”

And I am certainly looking forward to the next three months – I just hope there are more houses to show my buyers. Indeed, March continued to be a seller’s market. Sales of single family homes increased 4.3% compared to a year ago, with new home sales increasing 49% while existing homes sales were down 5% (for the third month in a row). This decline is likely due to the continued low inventory of existing homes. Where are you, sellers?

Source http://acarwatercooler.com/ “Sales are accelerating despite low inventory.”

The good news is that the inventory of existing homes has gradually increased since January. This increase is expected to continue as we move into spring and summer, but there’s plenty of room for more. If you’ve been thinking of selling, now is a great time! Multiple offers continue to be the norm and the median home price is up 22% from March 2012. Above $180,000 for three months now, Ada County continues to outpace the national average, according to the National Association of Realtor’s most recent report.

 

Source: http://acarwatercooler.com/ “Median Price is likely going to stay very strong through Summer.”

 

Source: http://acarwatercooler.com/

It can take time to prepare your house for sale to ensure that you get the best price possible. If you want to be ready for the summer selling season, the time to start is now. With an emphasis on effective marketing, promotion and staging, I will help you put the market-ready touches on your home. And if you are thinking of buying, as my previous clients will attest, I pride myself on my ability to match the just-right buyer with the just-right property.

Sincerely,


ShanaFosterMoore@gmail.com
Your Local Boise Real Estate Professional

 

 

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