New numbers describe drop in houses sold

POSTED: 06:51 MDT Tuesday, May 13, 2008

by Dani Grigg

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Tags - housing market, MLS

The number of single-family homes sold in April 2008 in Ada County was down 35 percent compared to April 2007, according to a report from the Intermountain Multiple Listing Service. Canyon County’s drop was even more extreme, falling 47 percent.

The median price of a home in Ada County fell from $229,000 in April 2007 to $208,000 in April 2008, and in Canyon County from $157,900 to $144,900. This April, houses were on the market 26 percent longer than they were in April of last year in Ada County and 34 percent longer in Canyon County.

2 Comments

But weren't housing sales up from March?
Why are journalists determined to apply maximum downward pressure on the housing market?
Are all journalists RENTERS? Is that what this is about?
or is this about fueling the drive for "change" or whatever it is their candidate (Barak Hussein Obama) is selling?
Comment By Erich Zimmerman
Tuesday, May 13, 2008 @ 11:40 AM

Erich, these are the facts. If you are looking for disingenuous positive spin, go read NAR propoganda or watch CNBC. I guess you missed David Lereah's recent confession to Newsweek.
http://www.newsweek.com/id/135724
Comment By Reasonable Guy
Wednesday, May 14, 2008 @ 12:07 PM

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