The Boise housing market continues to demonstrate strength and stability. In our report last October, we raised concerns that a potential dip in interest rates could trigger a rush on the market and a subsequent spike in prices, making homes less affordable. However, despite rates falling into the low 6% …

Though the median sales price for the Boise housing market hasn’t changed much since July of last year, other notable shifts have occurred. In particular, 70 more homes were sold last month compared to the previous one, and year-over-year sales saw an increase of 21.5%! With 807 homes sold in …

The Boise housing market saw some notable changes last month. For the first time since April 2021, the median sales price for existing homes surpassed that of new builds, with resale homes averaging $599,990 compared to $525,557 for new construction. It’s important to note that the average size of the …

The median sales price for the Boise housing market in May was $551,950. Although this marks a slight drop from the previous month, it represents a 3.4% increase from May of last year. Excluding new construction, existing home sale prices saw an even more substantial rise, increasing by nearly 6% …

As evidenced by the large number of pending TripleCord listings right now, the Boise housing market has really begun to pick up. Pending sales have surged by 10% compared to last month and nearly 25% compared to last year. Additionally, the median number of days properties spend on the market …

Last month, the Boise housing market witnessed impressive leaps in some key measurements for real estate market competitiveness. Most notably, the median sales price for existing homes (not including new construction) went up by $56,800 from February to March. This is an increase of 11.6% in one month and marks …

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 $549,900, set in 2022, there …

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 may …

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 sales price …

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 a …