ACAR housing stats for September 2014

Published October 23, 2014

Although September 2014 stats did not match up evenly with those from 12 months earlier, our current year is poised to have a strong fourth quarter finish. The Boise market healed up a great deal in 2013, fueled in part by a surge in new construction sales in Meridian and east Boise communities. In my experience, new construction homes generally equates to about 20% of the overall sales in Boise. This past September, existing home sales captured 82% of the overall market, so if the 80/20 trend continues at year-end, we will see new construction sales rebound in the last three months. Here is a brief overview of the Ada County statistics:

651 Homes sold in September 2014
$205,551 is the Median Home Price
3.9 months of Available Inventory
54 Days on Market is the Average

For more statistical information, please see: http://myacar.com/septembermarketreport/