Housing Market

Nov. 11, 2023

Boise Housing Market Update | October 2023

Last month, the resale home sector of the Boise housing market is where we saw the most positive movement.  This month, however, it’s new construction that’s leading the charge.  Though still 11.1% below last year's prices, the median sales price for new construction jumped by 6 ...

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Posted in Housing Market
Oct. 13, 2023

Boise Housing Market Update | September 2023

Resale homes in the Boise housing market saw the first positive boost in median sales price since August of 2022, jumping 6% from the same time last year.   New construction prices, however, have seen a significant decline, dropping 15.8% over the same period.  A recent article from ...

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Posted in Housing Market
Sept. 21, 2023

Boise Housing Market Update | August 2023

From our standpoint as agents, the Boise housing market has been incredibly slow in comparison to the chaos of the last three years.  In fact, when we look at the number of homes sold this past summer (June, July, and August), it’s the slowest we’ve seen since 2012.  ...

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Posted in Housing Market
June 13, 2023

Boise Housing Market Update | May 2023

This month’s market report by Boise Regional REALTORS® stated this: “According to market highlights released by NAR on June 8th, the US housing market remains shy of 300,000 affordable homes for middle-income families. Boise was listed as one of the metro areas with the fewest affordable homes available for ...

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Posted in Housing Market
May 13, 2023

Boise Housing Market Update | April 2023

This past month, the Boise housing market saw a 7% increase in the median home price, going from $483,450 in March to $517,500 in April.  This is the biggest monthly price increase we’ve seen since May 2021.  It is common for prices to begin to increase ...

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Posted in Housing Market
April 14, 2023

Boise Housing Market Update | March 2023

The median sales price for the Boise housing market was $483,450 last month.  This is down 1.8% from the previous month and down 16.0% from March 2022.  Despite lower prices, or quite possibly because of them, the market remains competitive for buyers.  Last month ...

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Posted in Housing Market
March 14, 2023

Boise Housing Market Update | February 2023

If you are considering buying or selling this year, watching statistics and reading reports on the Boise housing market can be helpful.  But, since statistics and reports can't speak directly to your unique needs, circumstances, or concerns, we believe a far better approach is to meet with an ...

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Posted in Housing Market
Feb. 10, 2023

Boise Housing Market Update | January 2023

In January, the median sales price for the Boise housing market dropped for the third consecutive month to $487,495.  This was a 5.6% drop from the previous month and a 9.7% drop from January 2022. This also marked the first time the median sales price has ...

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Posted in Housing Market
Nov. 10, 2022

Boise Housing Market Update | October 2022

After experiencing a jolting shift, the Boise housing market may be settling into a new normal.  Increased interest rates and questions of whether or not prices will continue to come down have put many buyers in a "wait and see" mode.  But, with inventory levels still below that ...

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Posted in Housing Market
Oct. 15, 2022

Boise Housing Market Update | September 2022

The median sales price for the Boise housing market in September was $540,000.  Although this was 0.9% higher than the same month last year, it was a 4.4% drop from prices in August and marked the fourth consecutive month of price drops since they peaked in ...

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Posted in Housing Market