Wow…I took some Buyers out today to look at entry-level homes. It is a price range I have not worked in for about six weeks.

One Question….What Has Happened to the Inventory Level?  It’s so incredible low it’s not even fun to show property.  The Buyer’s are like “that’s it?”

I found two acceptable properties in Nampa, three in Meridian, and one in Eagle.  So, tonight I logged in to the MLS to figure this out: Nampa has a 5-month supply of homes and Meridian, Eagle and Boise have about  a 6-month total supply.  This by textbook definition is a fairly healthy market even though prices have dropped since last year.

To explain why this feels so “skimpy” is that back in 2008 we had a 2-YEAR Supply.   Whether this is seasonal or what, i feel 2011 is a great time to buy real estate with Prices at a 35- year low.

 

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