The Boise Real Estate Market saw pending home sales fall 30.64% in May, just after the deadline of the Home Buyer Tax Credit. This shouldn't come as a surprise to anyone paying attention, even Lawrence Yun, Chief Economist for the National Association of Realtors, said, "In the months immediately following the expiration of the tax credit, we expect measurably lower sales."

• Oh yeah, follow me on Twitter!
  

Oddly enough this analysis was tucked quietly and tightly between the paragraphs of a May 4th NAR report that mentioned "pending home sales were on an upswing."

I'm sure NAR copywriters are digging in to find some more news that can me misconstrued in a another attempt to keep consumers sleepwalking.

Perhaps it would be sufficient to be honest and truthful about the conditions of the market. No matter the news, good or bad, people still have to move: Some get relocated for work, some retire, some get married, some get divorced and the list goes on and on.

Boise Real Estate Stats (May 2010)

All stats cover Ada County and are derived directly from Intermountain MLS

• Pending Sales–As previously mentioned, pending sales fell in May by 30.64%
• Sold Homes–Fell 6.8 percent from April to May, but, sold homes are up nearly 43% over the same time one year ago….not bad!
• Median Price–Down 10% YTD, however, it's up from April and standing at $155,000
• Inventory–Lower than it has been in previous years, but May brought a 4.29% gain and it sits at 3720 homes for sale in Ada County.

If you'd like a FULL set of the May Statistics for Boise & Ada County Real Estate complete the short form and you'll get access to them INSTANTLY!

cforms contact form by delicious:days

Read original blog post