March Home Sales

22 04 2010

I just noticed that the National Association of Realtors is reporting an increase of home sales in March over February of 6.8%  Of course you would expect that March would increase over February.  The good news being touted in the media is that this increase is more than the 5.2% of earlier projections.  Great!  But my next question is how does that compare with our local market?

Well guess what! Ada County was up 68% You read it correctly. Not 6.8; but 68% That is huge!!! Canyon was up 39%.

In all of these stats this is only dealing with resale homes, not new construction. So my continuing sense is that when the market, especially on the west coast, is headed down, we go down at an even sharper rate. But when it goes up, well Ada & Canyon County climb even faster!


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