Time, Tide, and Today’s Real Estate Market

Filed in Boise by on 0 Comments

Time, Tide, and Today’s Real Estate Market

“The early bird gets the worm!” “Strike while the iron is hot!” “Time and tide waits for no man…” When it comes to Boise’s residential real estate outlook, these truisms say it all: These hoary old clichés have long been quoted because their wisdom doesn’t ever change — and right now, some hard facts and figures may make these quotes more relevant than usual.
Boise real estate watchers, buoyed by last Tuesday’s stock market jump (a reaction to the bullish real estate statistics), were also digesting The National Association of Realtors®’ latest report: the report had more cheerful news about the expanding market for existing-home sales.
The final numbers for the month of April showed sales moving at one of the highest paces since November of 2009. November had a single month that spiked due to the homebuyer tax credit. It also marked the 22nd consecutive month of year-over-year monthly price rises.
Sales of existing homes are moving 45% faster across the nation! That is great news for our Boise real estate sellers. The listed inventory across the nation is actually 13 % lower than a year ago-which of course translates in to a median time on market of just 46 days ago. Can you believe that same figure was 62 days a year ago?
NAR President Gary Thomas had some words for real estate buyers that many potential sellers will be pleased to hear. “With homes selling in half the time it took to sell a year ago, buyers must be both decisive and prudent.”
Boise home sellers will love to hear the word ‘decisive.’ This is a market that is becoming more competitive for the buyers. Buyers have also been empowered by April’s fall in conventional mortgage rates.
It is time for both Boise real estate buyers and sellers to “strike while the [market]’s hot”!
I am standing by right now to help you in case you have been one of those trend watchers. Give me a call to discuss how you can take advantage of today’s market.
View homes for sale in Boise area furnished by IDX/IMLS that are updated daily early each morning.

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

boise idaho land for sale, new homes boise idaho, houses in boise idaho, homes in boise idaho, mls boise idaho, mls listings boise idaho, for sale boise idaho, boise idaho realtor, real estate in boise idaho, property management boise idaho, mobile homes for sale in boise idaho, boise idaho realestate, boise idaho weather, real estate boise idaho, boise idaho, boise idaho homes, boise idaho real estate listings, home for sale in boise idaho, home for sale boise idaho, mobile homes for sale boise idaho, boise idaho real estate, boise idaho home for sale, homes for sale in boise idaho, home for sale owner, home on sale by owner, homes for sale by owner boise idaho, listing home for sale by owner, homes or sale by owner, how to find homes for sale by owner, homes for sale by owner in idaho, homes 4 sale by owner, owner homes for sale, find homes for sale by owner, homes sale owner, home for sales by owner, home sales by owner,for sale by owner homes, by owner homes for sale, homes by owner for sale, homes for sale owner to owner,boise homes for sale by owner, sale by owner homes, for sale homes by owner, homes sales by owner, for sale by owner home, homes for sale by owners,homes sale by owner, sale home by owner, homes for sale by owner boise id, homes for sale owner, boise idaho homes for sale by owner, home by owner for sale, home sale owner, home for sale by owner, idaho homes for sale by owner, owner to owner homes for sale, homes for sale by owner, homes for sales by owner, home sale by owner, home for sale in nampa idaho, nampa idaho real estate, homes for sale in nampa idaho, nampa idaho homes for sale, homes for sale nampa idaho, real estate eagle idaho, eagle idaho real estate, homes for sale in eagle idaho, eagle idaho homes for sale, homes for sale eagle idaho,