Boise Idaho area home sales rise in 2009!
Unfortunately, prices continue to fall as more homes come on the market as a result of short sales and forclosures.
We are now back to pricing similar to what we experienced in 2004-05. That said, the average home price of single family home in Ada County is still around $195,000.
It has been Almost 3 years and has probably over corrected due to the lingering recession. I would expect prices to errode more for the short term. We should see some buyers returning to the market over the next year as those people who were forclosed on or did short sales in the past will be able to get loans again. It will be 3 years from the time their sale was finalized.
We are now back to pricing similar to what we experienced in 2004-05. That said, the average home price of single family home in Ada County is still around $195,000.
It has been Almost 3 years and has probably over corrected due to the lingering recession. I would expect prices to errode more for the short term. We should see some buyers returning to the market over the next year as those people who were forclosed on or did short sales in the past will be able to get loans again. It will be 3 years from the time their sale was finalized.
Labels: boise real estate mls listings
posted by Mike Carr at
12:04 PM
