Market Inventory. Great News For Buyers!!

Let's look at the numbers once again. I have added a column for pending sales. These are not figured in when we talk about inventory (# of active listings / # of sold listings in the last 30 days) of single family homes. Here we go... remember that the sold column is the past 30 days and the supply column is in months.

City/.......Active......Sold............Pending........... Supply
Boise........2497 ..........278 ..............330 ..................9.0
Meridian..1374 ..........120...............155.................. 11.5
Ada .........4959 ..........474 ..............575.................. 10.5
Nampa.....1627........... 136...............164...................11.9
Caldwell...1079...........116...............141....................9.3
Canyon.....2625...........244..............292...................10.8

So it looks like the market time has indeed been pushing up. It's interesting to note that in all cases, the pending number is greater than the number of solds in the past 30 days. Start looking. Goto: www.boisehousehunting.com and start searching today. -J