LOOKING FOR HOPE IN TOUGH REAL ESTATE TIMES

7 12 2010

Inventory Levels Plummet to Record Lows!
New Business Written November 2010 Significantly Higher than 2009!

ADA COUNTY, ID – December 6th, 2010 – Ada County unsold housing inventory in November dropped to the lowest level in 55 months! And there were 27% more new contracts written in November of 2010 than in 2009.

At the end of November the inventory of resale homes stood at 2442 compared to 2929 one year ago. New construction inventory was 580 compared to 744 in 2009. That makes 3022 total. The record high mark came in July of 2007 at 5170. The low was back in the frantic “seller’s market” of August 2005 at 1429.

Jere Webb, a Realtor with Coldwell Banker, publishes his Webb Charts monthly as well as an “Inside Scoop” on the Real Estate Market in the Treasure Valley. He also teaches a 4 hour class several times each year at Title One in Meridian. The next class is scheduled for 2/10/11 at 9am, “Gaining Perspective on the Real Estate Market – 2010 vs. 2011.”

Chart subscriptions and class enrollment are both available on his website at http://www.jerewebb.com.

For media information please contact: Jere Webb at 208-861-2222.

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