Housing Market

March 23, 2017

Great News About Rising Home Prices

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise …

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Posted in Housing Market
March 23, 2017

Real Estate Market Recap - March 2017

As snow melted and temperatures warmed, more buyers emerged.  Pending sales in Ada County went up 25.7% from January to February but remained lower than February 2016 sales, due to the lack of inventory.  Housing inventory was down 16%  from the same time last year.

Although the low …

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Posted in Housing Market
Feb. 21, 2017

Real Estate Market Recap for February 2017

This last month was a flurry of extended snow days for our children, frigid temperatures, and slippery road conditions, which left many house hunters putting their plans on hold.  Pending home sales were down 6.5% from January 2016, but were up 5.4% from last month’s numbers.  In hopes …

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Jan. 20, 2017

Real Estate Market Update Jan 2017

The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.

We are all familiar with the concept of supply and demand.  As the demand for an item increases the supply of that same item …

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Posted in Housing Market
Dec. 26, 2016

Real Estate Market Recap - December 2016

As those who follow our monthly market recap can see, home prices have been going up month over month for the entire year.  A big contributor to these strong housing prices is historically low inventory.  In November, we had 1,730 homes available for sale in Ada County, just 66 …

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Posted in Housing Market
Dec. 26, 2016

Real Estate Market Recap - November 2016

Perhaps our unseasonably warm fall weather has something to do with our unseasonably healthy fall real estate market.   In October, year over year home sales were up 11%, and Boise Regional Realtors (BRR) expects sales will remain strong through the end of the year in both Ada and Canyon …

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Posted in Housing Market
Oct. 25, 2016

Real Estate Market Recap - October 2016

In gathering market data for this month’s real estate update, it became evident that the news remains about identical to what we reported in September.  Since we’d rather not rehash old news, this month’s update is quite short.  Realtor.com reported an interesting bit of information for this month’s housing activity.  …

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Oct. 25, 2016

Real Estate Market Recap - September 2016

Fall is here!  Although I think spring will always my favorite season, autumn in Boise is a very close second.  Fall colors, sweaters and scarves, a new school year, delicious soups, and cooler temperatures are all something to celebrate!   

As the weather cools, so does the housing market …

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Oct. 25, 2016

Real Estate Market Recap - August 2016

As we near the end of the busy summer buying season, it is common to see month over month median home sale prices decrease slightly and the number of months supply of inventory increase.  The supply of inventory didn’t have as much upward movement as expected, but the 4 …

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Oct. 24, 2016

Real Estate Market Update - August 2016

The last three months for TripleCord Real Estate and other brokerages in the valley have been a whirlwind.  This uptick in real estate activity is common for the spring and summer seasons, but somehow it always seems to catch us by surprise.  It has been a struggle to …

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