September numbers are in for the Treasure Valley in Idaho and Inventory continues it precipitous drop. Looking at Ada County since July of 2010 inventory has declined from 3760 to 2327 total homes for sale. And if you out looking at homes you need to subtract 397 short sales that are still showing as active buy have a contract in place already just waiting for lien holder approval. So the real current inventory level is 1930! You have to go back 11 years to 2000 to find inventory this low except for the boom year of 2005!
A16 – Ada County Residential INVENTORY
Sales for 2011 are 6% ahead of 2010 through September. Median sold price for a resale home was $135,000 in Ada County. This is a significant decrease from $144,900 in August but still 7% above the January 2011 low of $126,500.
