Nampa Realtor Says Inventory Levels Are at a Critical Low!
Nampa, Idaho Realtor, Don Wixom with RE/MAX Advantage has just reviewed the most recent sales statistics for Idaho Real Estate in the Treasure Valley.
“The housing market for Canyon and Ada Counties has experienced a boost in recent months. In Nampa alone, April has accounted for a 68% increase in number of homes sold compared to January,”says Wixom.
The communities of Nampa and Caldwell, Idaho currently have less than a 5 month supply of homes available. Ada County (Boise & Meridian) is near the 6 month supply level. In the price category under $100,000, Nampa has only 3.5 months of product available.
As this chart shows, we have tracked the average sold price of single-family homes in the greater Nampa-Boise area since November 2007.
When looking at Canyon County and Ada County real estate data, the biggest drop in the average home price was about April of 2009. Small drops in price each month have taken place since. We have noticed the most recent data shows slight upticks (we're talking a few dollars) were noticed in the average home prices for Boise ID real estate.