Software compensation correction for thermal lag of a hot wire in the application of a constant voltage anemometer (CVA) for turbulence measurements in the boundary layer of a supersonic wind tunnel has been demonstrated. The CVA was used with a fixed compensation setting while measuring the in situ thermal lag (time constant) of the hot wire. Using the measured time constant, corrections are applied to the fixed compensation output of the CVA in postprocessing of the data. To demonstrate the flexibility of the approach it was used for two compensation settings at a test point to obtain the same results from both settings. A unique advantage of this approach is shown to be that for a given compensation setting in the CVA the bandwidth of the measurements for the test remains constant for all of the different test conditions and yields higher productivity. The results of the turbulence levels measured with this method agree with earlier research using other anemometers. Spectral plots of the mass flux and temperature and the measured in situ time constant responses under different conditions of the hot wire have been presented.