Average Days on the Market

Summary: Average DOM (Days on the Market) has remained steadily around 60 days throughout the year. DOM has increased slightly in the past two months, but is still within two weeks of the hottest market.

			Average Days on the Market
	Average		57 Days
	January		60
	February		52
	March		52
	April		51
	May		56
	June		55
	July		54
	August		58
	September		65
	Thru Oct 13		68
	Range (Max DOM - Min DOM)		17 days
	October vs. the Lowest DOM		17 days

Average Days on the Market per City

Summary: Homes in Boise, Caldwell and Middleton are still selling as fast as ever. Homes in Meridian, Eagle and Nampa are taking longer to sell than they were in the Spring.

In general, each of the cities follows the overall pattern. However, analysis shows the highest volatility in Star, Middleton, and Caldwell. (Eagle and Emmett sales volumes are so low, they are not considered.)

By comparing October DOM to the lowest DOM, we can see how cities are doing vs. the time when homes were moving the quickest. This analysis shows Middleton and Caldwell are moving faster now than they have all year. Boise is also close to its fastest pace. Eagle, Meridian and Nampa are off their best pace by a month or more.

Average Days on the Market per City

		Boise	Meridian	Kuna	Star	Eagle	Nampa	Caldwell	Middleton	Emmett
Homes Sold (Jan-Oct)		1207	738	291	74	35	857	295	56	33
Avg Days on Market		56	57	58	46	56	58	53	54	47
	January	52	59	53	43	77	68	89	77	41
	February	54	54	51	35	41	59	36	35	35
	March	54	51	54	59	46	51	60	49	30
	April	56	50	62	19	27	48	42	48	46
	May	57	54	70	30	69	55	59	46	17
	June	55	54	60	65	33	57	49	47	66
	July	51	62	46	38	72	58	49	64	NA
	August	56	59	57	47	56	60	53	87	100
	September	65	70	57	96	91	65	59	62	44
	Thru Oct 13	66	87	66	46	71	76	42	30	NA.

	Range (Max DOM - Min DOM)	15	37	24	77	64	28	53	57	98
	October vs. the Lowest DOM	+15 days	+37 days	+20 days	+27 days	+44 days	+28 days	+6 days	0 days	NA

Days on the Market: New vs. Existing Homes

Summary: New homes are not spending much time on the market. On average, they are on the market only 8 days longer than they were this spring. Existing homes are staying on the market about three weeks longer than they were at their best (April).

New homes in this price range are not languishing on the MLS. October averages are at the same level as what was considered the hottest market (April / May).

Existing homes are not selling quite as fast as they were in the spring, but still sell faster than new homes do. On average new homes stay on the market about 65 days and existing homes stay on the market about 55 days.

Average Days on the Market: New and Existing

	New or Existing Home
	New	Existing

January	81	51
February	58	50
March	63	49
April	61	48
May	60	55
June	66	53
July	56	54
August	70	55
September	74	62
Thru Oct 13	64	69
Average	65 Days	55 Days
October vs. the Lowest DOM	+8 days	+21 days

Overall Descgription of the Target Real Estate Market