- Category: Market Updates Market Updates
- Published: 05 December 2010 05 December 2010
- Hits: 16535 16535
For the first 11 months of 2010, Meridian, Idaho experienced phenomenal sales activity! With a population just over 50,000, there were 1654 homes in Meridian Idaho that SOLD, YTD!
That’s 150 homes each month!
Meridian’s current inventory of single-family homes is approx. 868, as of the first of December. Just a 5.77 months supply.
Meridian Idaho Homes Inventory Drops Below 6 Month Supply!
With 33% of the active inventory being NEW CONSTRUCTION, this is a very exciting factor when it comes to jobs in the region!
40% of the inventory of Meridian Idaho Homes consists of Distressed Properties. This is much lower than the 53% of the neighboring town of Nampa, Idaho.
The average asking price for Meridian Idaho Homes is $187,293.
The Average SOLD price (YTD) was $177,114. (less than ½% drop from this time last month).
Historic Average SOLD price for Meridian Idaho Homes:
December 1, 2007 $272,684
December 1, 2008 $240,920
December 1, 2009 $188,398
December 1, 2010 $177,114
When you are searching for Meridian Idaho Homes, contact Idaho Real Estate Agent, Don Wixom with RE/MAX Executives for excellent service and an informed experience!
Always looking out for your next move...(sm) on Idaho Real Estate,
Nampa Idaho Realtor, Don Wixom RE/MAX Executives (208) 880-5039