Housing Market

March 18, 2020

Boise Housing Market Update | February 2020

In February, the Boise housing market experienced the lowest inventory of single-family homes since at least 2004, when the Intermountain MLS started tracking inventory.   A mere 1,039 homes were available for sale at the end of February—only 344 of which were existing homes.  Overall, inventory was down ...

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Posted in Housing Market
March 2, 2020

Boise Housing Market Update | January 2020

With January’s median home price coming in at $363,000, the first month of 2020 marked yet another record breaking high for the Boise housing market.  This is due in large part to the increasing market share taken up by newly constructed homes, which are generally made more expensive ...

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Posted in Housing Market
March 2, 2020

Boise Housing Market Update | December 2019

After the median sales price for homes in Ada County hit a record high of $359,900 in November 2019, the Boise housing market prices experienced an expected dip in December to $350,000.  If we account for all the months of 2019, the median sales price for the ...

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Posted in Housing Market
Feb. 13, 2020

Boise Housing Market Update | November 2019

The status of the Boise housing 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.  ...

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Posted in Housing Market
Dec. 4, 2019

Boise Housing Market Update | October 2019

As is often common for the Boise housing market during 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 ...

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Posted in Housing Market
Oct. 22, 2019

Boise Housing Market Update | September 2019

Though fall is historically characterized by a decrease in Boise housing market 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 ...

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Posted in Housing Market
Oct. 22, 2019

Boise Housing Market Update | August 2019

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

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Posted in Housing Market
Oct. 22, 2019

Boise Housing 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 change ...

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Posted in Housing Market
July 29, 2019

Boise Housing 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 pace ...

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Posted in Housing Market
July 29, 2019

Boise Housing Market Update | May 2019

Boise Regional Realtors’ Breanna Vanstrom summarized this month’s Boise housing 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 homes compared ...

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Posted in Housing Market