Boise Idaho Home Sales - Absorption Rates

By
Real Estate Agent with RE/MAX Advantage Nampa, ID

Boise Idaho Home Inventory – How has it changed in 6 Years?

 

Let’s take a quick glance of the available inventory of single-family homes in Boise  Idaho.

 

The absorption rate is calculated by taking the averagenumber of homes sold per month, from a YTD total and dividing that number into the current number of homes available for sale now.

 

December 1, 2005     1.51 months of supply

December 1, 2006     4.9 months of supply

December 1, 2007     7.31 months of supply

December 1, 2008     9.83 months of supply

December 1, 2009     8.59 months of supply

December 1, 2010     6.89 months of supply

 

As you might recall, in 2005 & 2006, sellers were often times receiving multiple offers to buy their home and buyers would bid upwards of the asking price!

 

In 2008, times were tougher & it was difficult to sell homes.  Now, we are reaching a supply of homes that should encourage buyers to get off the fence and take advantage of the Best Three Reasons to Buy a Home in This Market:

 

1.     Excellent inventory and lots of choices! (Don't wait too long)

2.     Lowest prices since 2002!

3.     Amazing interest rates! A 1% drop in rate is equivalent of a 10% drop in price!

 

 

Now is a great time to buy Homes in Boise Idaho and Ada County Real Estate!

Nampa Area Weather

Search Nampa Idaho Homes for sale

Search Boise Idaho Homes for sale

Idaho Short Sale Video

Nampa Homes

Idaho Short Sale Report

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Idaho Ada County Boise
Groups:
31 Days of December Challenge
Addicted to Active Rain
Idaho....Famous Potatoes and a whole lot more.
Realestateandfunding
RE/MAX Active Rain Bloggers
Tags:
boise home sales
boise id real estate
idaho real estate statistics
boise real estate absorption rates
boise id home inventory
boise hom

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
1,195,986
Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

Wow...you have tracked the stats for 6 years.

I am going to steal your idea and blog about it for the towns I work in.

And - since I am little crazy about numbers, I'd use your last statistics (1% drop) in a reverse way..A 1% increase in rate is equivalent to 11% increase in price! If rate goes up by just 1%, afford-ability is down by 11%! 

December 06, 2010 01:48 AM
Rainmaker
1,150,822
Tony & Darcy Cannon
The C Team
Keller Williams Legacy

Don, great information!  At least the rates are going back down.  I don't know about you, but I don't really want to go back to 2005 and 2006 markets!  Those were crazy times!

December 06, 2010 02:58 PM
Rainmaker
1,150,822
Tony & Darcy Cannon
The C Team
Keller Williams Legacy

Don, great information!  At least the rates are going back down.  I don't know about you, but I don't really want to go back to 2005 and 2006 markets!  Those were crazy times!  I love point #3, great marketing tool!

December 06, 2010 03:00 PM
Rainmaker
341,943
Don Wixom
"Looking out for your next move..."tm
RE/MAX Advantage Nampa, ID

Praful, I hope this inspired you! I love watching the absorption rates. It gives a different picture as to what is happening!  Feel free to use any / all of my ideas!  I'm glad to help!

Tony, I actually, would love to go back to 2005! Sellers were happy, buyers were happy, I was doing more deals than ever before. It was great fun! Call me Crazy!

December 06, 2010 10:53 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
341,943

Don Wixom

"Looking out for your next move..."tm
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Idaho Real Estate, Real Estate Marketing tips, homes for sale in the

Find ID real estate agents and Nampa real estate on ActiveRain.