Posts Tagged ‘ idaho real estate ’

Real Estate Market Upate: Meridian, Idaho

Market update provided by Jim Paulson, Broker-Owner of Progressive Realty Corp in Meridian, Idaho.

Inventory is dropping even though historically it is still too high.  We have over nine months of available inventory based on current sales levels.

Many homes in Meridian, Idaho are sitting stagnant on the market because home sellers have refused to price them at realistic prices.  If you look at the raw numbers from the MLS it is easy to see why some homes are selling and some aren’t!

#

Dollar Volume

Average $

Median $

DOM

Active Listings

1,344

369,567,661

274,976

248,500

108

Listings under contract

162

42,943,527

265,084

222,450

96

Listings sold in Sept.

145

33,971,056

234,283

215,000

82

These numbers illustrate what a few people have been saying on this website for a year – we need more affordable homes since that is what is selling.  When you look at the median price of all the homes that sold in Meridian last month, you get $215,000.  If you don’t like that number look at the average and you get Continue reading this post

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Posted by: Jessica Gopalakrishnan on October 10th, 2008 under Regional

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