Housing Market

June 11, 2022

Boise Housing Market Update | May 2022

Though still strong, rising interest rates, economic uncertainty, and increased inventory are causing a definite shift in the Boise housing market.  This shift has caused some buyers and sellers to pump the breaks on moving plans as they evaluate costs and wait to see where things might be headed ...

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Posted in Housing Market
May 11, 2022

Boise Housing Market Update | April 2022

The Boise housing market saw another new record this month with the median sales price reaching $595,000.  This is a 23.9% increase from last year.  The biggest price increases were found in the new construction segment where the median sales price has jumped 36.7% from ...

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Posted in Housing Market
April 12, 2022

Boise Housing Market Update | March 2022

The median sales prices for homes in the Boise housing market hit another new record last month at $575,000.  This is an increase of 4.5% from the previous month and 22.6% from the same month last year.  This jump was primarily stimulated by price increases ...

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Posted in Housing Market
March 12, 2022

Boise Housing Market Update | February 2022

Despite seasonal slow down this winter, the median sales price for the Boise housing market hit a new record high this past month at $549,900.  This 21.6% increase from February 2021 is largely due to insufficient supply to meet Boise’s growing housing demand.  In addition to ...

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Posted in Housing Market
Feb. 14, 2022

Boise Housing Market Update | January 2022

The Boise housing market experienced a 1.1% decrease in median sales price last month, but the 20% year over year increase remains significant.  And, while the rate of increase is slowing, the overall trajectory of sales prices in the Treasure Valley continues on an upward trend.  As ...

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Posted in Housing Market
Jan. 12, 2022

Boise Housing Market Update | December 2021

December 2021 and Year-End Market Report

by Boise Regional REALTORS®

When summing up the 2021 Ada County housing market, one could easily argue that this past year brought the most fast-paced market we’ve ever seen, particularly in the first half of the year. The market conditions were incredibly competitive.

The ...

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Posted in Housing Market
Dec. 14, 2021

Boise Housing Market Update | November 2021

Although the Boise housing market is experiencing a common seasonal cooling with the close of 2021, the Months Supply Inventory (MSI) metric shows that demand for homes remains strong and consistent. As Boise Regional REALTORS® reiterates, the MSI metric is calculated by taking “the number of homes for sale divided ...

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Posted in Housing Market
Nov. 16, 2021

Boise Housing Market Update | October 2021

With the shift in weather, we’ve seen a shift in the Boise housing market too.  Though homes are still selling for near record highs, we experienced a slight 0.2% drop in the median sales price from September to October.  It’s been refreshing to see the market cool ...

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Posted in Housing Market
Sept. 11, 2021

Boise Housing Market Update | August 2021

As the weather has started to cool, so has the Boise real estate market.  Our median sales price was $530,500 last month—down about $10,000 from July but still up 32.2% from the same month last year. The main reason for high appreciation over the last year ...

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Posted in Housing Market
Aug. 13, 2021

Boise Housing Market Update | July 2021

It’s no secret that insufficient supply of available homes for sale has been the primary driver for rapid home price increases in the Boise real estate market.  July was no exception to this with the median price for Ada County homes reaching $540,000, up 2.9% from June ...

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Posted in Housing Market