Tuesday, March 15, 2016

Ada County Home Inventory Just Shy Of All Time Low

According to the Boise Regional Realtors, low inventory was the recurring theme in market reports from Boise Regional REALTORS® (BRR) last year, but recently a new milestone was reached in 2016.

As of January 2016, there were only 1,695 homes for sale in Ada County; just shy of the all-time low of 1,668 in January 2013, based on records that go back to 2005. Looking at February 2016, that number improved slightly to 1,769 homes for sale, but was still a drop of 8.7% compared to February 2015.

For sellers looking to move fast and get top dollar, low supply tends to make buyers eager to see homes as soon as they hit the market, make offers quickly, and compete on price and other terms. However, for sellers not sure where they want to move next, the prospect of becoming a buyer in this tight market is making many people think twice before listing.   (Above info and chart pulled from myacar.com)


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