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existing homes

ACAR housing stats for September 2014

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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/

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