Housing Market

June 13, 2020

Boise Housing Market Update | May 2020

Though we expect the Boise housing market will be one of the strongest in the country over the coming year, the COVID-19 pandemic and its related protocols have certainly slowed our typical spring market activity.  With both buyers and sellers adhering to local stay-home orders and avoiding non-essential transactions ...

View More
Posted in Housing Market
May 15, 2020

Boise Housing Market Update | April 2020

As expected amidst the COVID-19 pandemic and Idaho’s associated stay-home order, Boise housing market activity has been down in comparison to the typical spring hype.  There were 761 homes sold in April, which is 19.5% fewer than the same month last year.  However, slowed activity did not ...

View More
Posted in Housing Market
April 15, 2020

Boise Housing Market Update | March 2020

There have been a lot of questions on how COVID-19 and Idaho’s stay-home order have affected the Boise housing market.  Under the order, which went into effect on March 25th, real estate is considered an essential service.  This means buyers and sellers who were in contract on a ...

View More
Posted in 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 ...

View More
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 ...

View More
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 ...

View More
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.  ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
Posted in Housing Market