Housing Market

March 16, 2024

Boise Housing Market Update | February 2024

The median sales price for the Boise housing market in February was $522,000.  This is up 1.7% (or about $9,000) from January and up 5.7% (or $30,000) from February of last year.   Though still sitting below the February record-high median sales price of ...

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Posted in Housing Market
Feb. 16, 2024

Boise Housing Market Update | January 2024

As mortgage interest rates dipped in December and January, many buyers got off the fence, and the Boise housing market saw pending sales increase to their highest number since June 2023.  Unfortunately, at the beginning of this month, we began to see rates move up again. We anticipate this ...

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Posted in Housing Market
Jan. 22, 2024

Boise Housing Market Update | December 2023

Despite a slower year for real estate overall, the Boise housing market concluded 2023 in a stable position.  The median sales price in December stood at $516,745, marking the lowest for the year but still higher than the same period last year. To visualize the shift in median ...

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Posted in Housing Market
Dec. 15, 2023

Boise Housing Market Update | November 2023

Over the past year, the Boise housing market experienced a notable and abrupt deceleration from its initial post-COVID pace.  However, a recent decline in mortgage interest rates has sparked a refreshing surge in buyer activity. This development is particularly exciting for prospective buyers who have been eager to purchase ...

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Posted in 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