Housing Market

Feb. 13, 2020

Boise Rea Estate Market Update November 2019

 

The status of the market as we close out 2019 is representative of the entire last year—low inventory + high buyer demand = increased home prices.  Our low inventory situation is best represented by our month’s supply of inventory calculation.  For November, that was 1.8 months.  This ...

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Posted in Housing Market
Dec. 4, 2019

Boise Real Estate Market Update October 2019

 

As is often common in October, November, and December, price appreciation nearly leveled last month.  The median sales price for October 2019 came in at $352,000, just 0.6% higher than the median price for September.  We don’t anticipate prices going down, but the upward trajectory ...

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Posted in Housing Market
Oct. 22, 2019

Boise Real Estate Market Update September 2019

 

Though fall is historically characterized by a decrease in housing inventory, this September boasted more homes for sale than were available in either July or August.  This phenomenon is in large part due to a 10.3% jump from August to September in newly constructed homes available for ...

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Posted in Housing Market
Oct. 22, 2019

Owning Vs. Renting

 

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.

 

In a recent survey, Bank of America asked homeowners: “Does owning a ...

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Oct. 22, 2019

Boise Real Estate Market Update August 2019

 

Since it typically takes 20-45 days after an offer is accepted for a home to officially “close,” the closed sales figures for August really represent offers that were made and accepted 20-45 days prior--in June and July.  Because June and July are often the months of greatest ...

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Posted in Housing Market
Oct. 22, 2019

The Benefits of Growing Equity in Your Home

 

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ...

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Oct. 22, 2019

Boise Real Estate Market Update July 2019

 

This month’s market change was characterized by a slight dip in the median sales price, dropping 1.3% from the previous month but still up 9.7% from the same month last year.  The small month to month drop in the median price was likely affected by a ...

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Posted in Housing Market
July 29, 2019

Boise Real Estate Market Update June 2019

 

The median home price for Ada County reached a new record high this month coming in at $354,405.  This is a 10% increase from the median price in June of last year and a 7.5% increase from last month!  Although we don’t expect the current ...

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Posted in Housing Market
July 29, 2019

Home Price Appreciation Forecast

 

Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.

 

We’ve gathered current data from the industry’s most reliable sources to help answer these questions:

 

The Home ...

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July 29, 2019

Boise Real Estate Market Update May 2019

 

 

 

Boise Regional Realtors’ Breanna Vanstrom summarized this month’s market update with the following points:

• The existing home median sales price reached a new high at $329,000, up 14.7% from May 2018. Local home prices are being driven by the persistently low inventory of existing ...

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Posted in Housing Market