44% of Boise Home Inventory is Tied Up! |
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| Written by Idaho Short Sale Expert | |||
44% of Boise Homes are Tied Up as Short SalesWhen looking over the Boise Idaho Real Estate market, the median price range is between $100,000 - $150,000. In this price category, 111 of the 255 "Active" Boise homes have offers in place, waiting for third-party short sale approval from the seller's lenders! That's 44% of the market! That only leaves 144 houses in this price range to buyers seeking a new Boise home. When you consider 98 homes have sold each month in Boise, in this price range, that is only 1 1/2 months supply of inventory.
Most Nampa Idaho Homes are selling under the $100,000 price range. 61% of Nampa home inventory is tied up with contingent short sale offers. It makes it tougher to find a home for buyers in this market. Typically, when inventory is lower than 6 months supply, it is considered a seller's market. However, in this Idaho Real Estate market, the sellers don't want to sell at these low prices! Even though prices are stabilizing and beginning to increase, there may be a long wait for some sellers to market their homes. With this low inventory coupled with the spring and summer selling season, NOW is a great time to get your house on the market! The demand is high & buyers are often times bidding the price up, just to get the house they want! Caution: Appraisals may not yet reach the buyer's willing price, however. This may take some time for historic sales to hit the books! For buyers, prices are still low, interest rates are great & the affordability of buying a home has not been this good since 1973! The market has turned & we're looking up! Always looking out for your next move... on Idaho Real Estate, Don Wixom RE/MAX Advantage (208) 880-5039 call or text
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