Single Family Homes
Area ......sold in last 30days.....active listings...... month supply
Ada...............509............................3902............ 7.6
Boise............ 310 ...........................1827............. 5.8
Meridian .....129.............................1185............. 9.1
So, the slack may not be disappearing so fast. This is OK. A lot of good people have estimated that we have already hit bottom and this may be true, but maybe not. It looks like, for the time being we are still in a solid buyer's market. In fact, the last time I measured, which wasn't that long ago.... Boise had a 5.4 month supply and Meridian's was 7.2. So probably, it would be a good time to purchase new construction in Meridian. I think this is good news. I for one still have property that I want to purchase and this gives me some time to breath before the next up tick.
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