Boise IDAHO – The first few months of this year have been busier than any since 2005, one of the most active years for the local housing industry.

“With the warming weather, the confidence in the economy and lower interest rates, buyers are buying — especially first-time homebuyers who do not have a short sale or foreclosure on their credit rating,”

An agent showed a 2,100-square-foot Eagle home listed for $182,000 on Thursday morning. The prospective buyers were Aislynne Fend and her husband, Kyle. The Eagle High School graduates moved back to the area Wednesday from Arizona so Kyle Fend could start his new job as an environmental engineer in the mining industry.

Agents say buyer activity has picked up in several price ranges and property types, at least in Ada County. Ada County sales rose 13.4 percent to 439 in February, compared with 387 in the same month last year, according to the Intermountain Multiple Listing Service. In Canyon County, they dipped 16 percent to 195 from 234.

“This is the strongest February sales we’ve had since 2007” said Steven Caporale of Boise Premier Real Estate in Meridian

Across the Valley, the number of homes listed for sale remains at a five-year low: 2,901 in February. The small supply is helping to drive prices up and leading to multiple offers per property that match or exceed the asking price, real estate professionals say.In Boise, 928 single-family homes have been listed for sale since January, while 1,080 homes went under contract to sell or were sold. Sales are overtaking listings.

All homes priced below $125,000, even nondistressed sales, tend to have accepted offers within the first few days, while homes below $300,000 are again at balanced supply and demand levels/  It is a crazy busy market.

Agents consider a six-month supply of homes at current selling rates a balanced market, meaning neither buyer nor seller has the advantage. Boise homes in the $200,000-$300,000 range are at a 5.5-month supply. Ada County as a whole has a 4.4-month supply of homes for sale and new construction also is rising. Evidence of this is all around us in Eagle, Meridian and Boise.

“Nationally we know that one job is created for every two homes sold,” he said. “So far in 2012, we have helped to create 400 jobs. We also know that for each home sold there is a $60,000 cash infusion to the community. Based on year-to-date sales, we have added $50 million to our Valley’s economy so far this year.”

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Thanks to the Idaho Statesman for this article and Steven Caporale of Boise Premier Real Estate.