How Is The Treasure Valley Real Estate Market?

Over the past 15 months the number of homes for sale has decreased, interest rates are at 20 year lows, and demand from buyers has increased. This is what we like to see! Close to 800 homes a month were selling in Ada and Canyon Counties through the summer and into the fall (that’s good!). Sales did seem to fall off a cliff in December and January, but there are two good reasons - the normal seasonal slowdown and the extension of the first time home buyer tax credit.

We should continue to see solid recovery into 2010. A lot of that recovery will depend on local job creation and consumer confidence. Below are the area 2009 sold homes stats by city.

Source: Intermountain Multiple Listing Service

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