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Tightening Inventory

February 22, 2012

This time of year there tend to be less homes on the market than the typical high points of spring and fall.  This year is no exception and in certain parts of Boise there is a real shortage of inventory to meet demand.  I have two separate clients that I am working with that can’t find a place to suit their needs.  One is moving up in house and wants to buy around $225K in North Boise.  There are some homes but none that he has seen that are suitable.  The second client is looking at buying a rental home for a college student child.  She is looking to buy somewhere around the $125K price point or below and within a couple miles of BSU.  Again there aren’t any homes that are in good condition to meet her need.

Prices are starting to tick up in the North Boise, NW Boise, and Southeast areas, which may prompt some spring sellers to get moving to put their home on the market.  If they do they will be rewarded with folks looking to buy that can’t find good inventory!  As always correct pricing is the key and homes that are priced at market value are moving quickly.

 

Craig Soelberg

Sheila Smith Real Estate Group

RE/MAX Capital City

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