2022 Boise Idaho Real Estate Blog

Boise Real Estate Home Sales | Volume Chart

Main Boise Housing and Real Estate News

Sales volume is a stat that is often over looked but needs to be examined. For example, tracking sales volume helped us figure out in 2009 and 2010 that, even though home sales were increasing across the valley, home prices would likely still fall because the total volume of the dollars sold wasn't increasing--even with the extra home sales. Likewise, while the sales volume year-to-date in Ada County is currently up 21.1% in dollars sold compared to the same time period in 2011, home sales are up just 7.8%. This gap helps back up the rise we have seen in home prices in the county. For more on t

ADA and CANYON HOME SALES VOLUME

Sales volume is a stat that is often overlooked but needs to be examined. For example, tracking sales volume helped us figure out in 2009 and 2010 that, even though home sales were increasing across the valley, home prices would likely still fall because the total volume of the dollars sold wasn't increasing--even with the extra home sales. Likewise, while the sales volume year-to-date in Ada County is currently up 21.1% in dollars sold compared to the same time period in 2011, home sales are up just 7.8%. This gap helps back up the rise we have seen in home prices in the county. For more on this, check out the chart below. Another point I like to make about sales volume is for real estate agents. It is important to note that we are close to 2008 numbers in dollars sold, which is good. 2008 was a decent year except for the 4th quarter in the Boise market; therefore, agents who are expecting some huge rush in their real estate business should stop waiting, it already happened, we are already back to normal levels of home sales. If your business hasn't increased then you need to re-evaluate what you are doing. Sales Volume Chart.jpg

 
Posted by MikeT at 10/23/2012 10:54:00 PM

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