If you are looking to buy or sell a home in the Boise Idaho real estate market, there are some stats and numbers that you need to know before making the move. The following is a snapshot of the most recent activity in the Boise market which includes Ada county. This includes Meridian, Eagle, Kuna, Boise, and Star.

There are currently over 4,300 that are available on the Boise real estate market which does not include any homes that are listed by non-MLS brokers or for sale by owners. Of the available homes, over 2,300 are currently listed as vacant which is over 50%. When no one is living in a home, you can usually get them to come off of their price a bit more. The average asking price is $311,000 and the median asking price is $237,884

Pending Sales With Accepted Offer in the Boise real estate market: 488 Average Asking Price: $248,711 Median Asking Price: $202,711

Closed Sales Last Year At This Time # Closed: 422 Average Sales Price: $259,688 Median Sales Price: $212,422

Closed Sales - Last Month # Closed: 299 % Change: -33.7%

Average Sales Price: $232,411 % Change: -7.2%

Median Sales Price: $190,000 % Change: -12.9%

As you can see by the numbers, you are in a much better position to buy this year than last as there is more inventory and the sales price has dropped. The homes in the Boise real estate market are almost too tempting to pass on because of the great prices and great rates.

When you are selling your home in a market like this, make sure that you understand that you have to price it right or you will be in for a long frustrating wait. On the other hand, if you are going to relocate within the Boise real estate market, you stand a very good chance of making up for your selling loss if you know the market numbers. This can be especially good when you are moving up to a more expensive house. The more expensive areas and homes have taken a bigger hit in values in most areas in percentage of drop and dollar value.

Don't be one of the people that make the mistake of waiting until the market is good to buy. A savvy buyer should want to buy the best investments on the market? Then purchase your investments when the supply is high and price is low. It is the old supply vs. demand principle.