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
Aug. 11, 2022

Boise Housing Market Update | July 2022

The swift cool-down experienced in the Boise housing market over the past two months is now making national headlines.  As stated in Nicole Friedman’s Wall Street Journal article, “During the pandemic-fueled housing boom, Boise emerged as one of America’s hottest “Zoomtowns,” communities that experienced a spike in population ...

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Posted in Housing Market
July 13, 2022

Boise Housing Market Update | June 2022

Higher mortgage rates on top of already high home prices led to a significant slowdown in buyer activity and home sales this past month.  After getting so used to our overly hot and accelerating market these past two years, this cooling-off period has felt a bit more like a ...

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Posted in 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