Naylor News

ADA COUNTY - August 2007 

Inventory increased by another 127 units crossing the 5,100 mark for the first time in history.  This is why the market feels the way it does, it is simply supply and demand.  We have a larger supply of homes than ever before.

Average Cost of a home sold this month  - $287,632.  This is 1% higher than last year for this month and Year To Date gain at 4%.

Resale inventory - 3576 up from 3393 last month.    Last year at this time there were 2341  homes for sale in the resale market.  07/05 was the low point in resale inventory at 657.

New Construction inventory - 1594 down slightly from 1650 last month.  Last year at this time there were 1735 new homes for sale.  09/05 was the low at 666.

Bottom Line - The market feels "nervous" to me even though this area continues to outperform the rest of the country.  It is a great time to BUY investment houses; but not sell them.  And a great time to buy UP to a more expensive home; but not down.

   Please call me at (208) 440-4041 for more Treasure Valley real estate news, including Canyon County.

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