The numbers are in for the October 2008 Meridian Idaho Real Estate Market.

These numbers include all Single Family, Single family with Acreage, Condos, Townhomes, and Manufacutured Homes on Owned Lot listings in the Meridian areas.

Active listings   1210

Pending            103

Sold                  117

Average sales price $235,799

Median sales price $210,000

Average Days on Market  102

Sales price as percentage of Asking price  91%

Absorption Rate 10.3 months (This is a measurement of how many months inventory there is on the market.)

Northwest Meridian 46 average sales price $223,306

Northeast Meridian  47 average sale price $230,490

Southeast Meridian 17 average sales price $271,411

Southwest Meridian 7  average sales price $267,057

With the lowest absorption rate in the Treasure Valley, Meridian is a great place to own a home. With 10.3 months of inventory, it is still a buyer's market, and therefore a great time to buy a home in Meridian.   

If you are thinking of buying or selling a home in Meridian Idaho, please give me a call or text me 208-921-4800.  Feel free to visit my website to search all Meridian homes for sale on the Intermountain MLS.  I am your Idaho Real Estate Professional, and you can count on me to get the job done for you. 

See Boise, Nampa and Eagle Real Estate Martket reports on the Idaho Housing Market Blog. 

Pam Pugmire

BridgeTower Real Estate

cellular 208-921-4800

website www.DreamHomesinIdaho.com