These numbers contrast greatly with 2008 inventory, where some price categories had over 2 year’s supply.
“With this low inventory of homes available, we are likely to see price stabilization quickly,”says Realtor Don Wixom of RE/MAX Executives.
“We have seen homes receive multiple offers with bids higher than the asking price,”says Wixom. “Buyers are getting frustrated, but we need to see this rapid decline in values stop!”
Whether this is a seasonal trend or a long-term market correction for homes in Nampa, we may not know until this next winter. For now, you might start thinking of buying Idaho real estate!
For additional information and Idaho Real Estate statistics, visit www.sellidaho.com or contact Nampa Realtor, Don Wixom at (208) 880-5039.