July Home Sales Surge in July…Median Price too.

Excellent information from Marc!

ACAR Watercooler

by Marc Lebowitz, RCE, CAE

Executive Director, Ada County association of REALTORS

Single family home sales in July 2013 were 883 in Ada County, an increase of 39% compared to July 2012. Three months in a row above 800!?!  We sure haven’t seen that in a while.  Actually you have to go back to July-August-September 2006!

Year-to-Date sales in 2013 are 4,662; up 17% over YTD 2012 sales of 3,979.  Remember that old formula that for every two homes sold, that one job is created?  Based on that, we’re looking at 2,300 new jobs so far this year.

Dollar volume for July was up 62% to $211 Mil. For 2013 YTD we are just over $1billion in sales.

Days on Market averaged 44 in July; one day less than last month.  For the first six months we averaged 53 days-on-market.

New homes sold in July totaled 165, an increase of 27% compared…

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