Idaho Real Estate – Ada County July ’09

The Ada County real estate market had another strong month in July with home sales slightly outpacing last year by 3%.  Real estate sales dipped slightly from last month from 559 to 510 sold homes.

The ratio of homes for sale verses the number selling (absorption rate) was still good at a 7.4 month supply.  This is second best supply rate we’ve seen in the last 2 years.

There’s still a high, but shrinking, number of foreclosures in Ada County with short sales making up about 20% of the market and Bank-Owned homes making up 4%.  These Idaho real estate foreclosures made up 33% of the July sales in Ada County.

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Data Source: Idaho MLS (IMLS).

Information not guaranteed.