A change in seasons has not brought a change in the Boise Housing Market. In the first quarter of this year we saw fewer homes for sale than we had seen in the past ten years. Not much has changed. For October and the third quarter of this year we are still seeing available homes for sale at a decade low.
Existing homes for sale are the best way to gauge current home prices and real estate market trends. New construction home prices are much more volatile and tend to exaggerate the numbers, particularly on a month to month basis.
In the Boise, Idaho we saw a total of 362 homes sell. Compared to September of this year, this is a decrease from the 371 homes that were sold. From this exact same time last year, in October of 2014 we…